https://www.taxtmi.com/caselaws?id=371020 Modvat credit on duty-paid inputs used to manufacture BOPP films could not be reversed merely because waste and scrap generated in the process were later reprocessed into granules or cleared at nil rate of duty. The waste and scrap were treated as by-products, not final products for Rule 57C, and Rule 57D protected credit where part of the inputs remained in waste, refuse or by-product arising during manufacture. The assessee was therefore entitled to retain the credit, and reversal was held unsustainable. en-us Thu, 14 Jun 2018 00:00:00 +0530 Wed, 28 Nov 2018 08:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371020 Modvat credit on duty-paid inputs used to manufacture BOPP films could not be reversed merely because waste and scrap generated in the process were later reprocessed into granules or cleared at nil rate of duty. The waste and scrap were treated as by-products, not final products for Rule 57C, and Rule 57D protected credit where part of the inputs remained in waste, refuse or by-product arising during manufacture. The assessee was therefore entitled to retain the credit, and reversal was held unsustainable. Case-Laws Central Excise Thu, 14 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371020