https://www.taxtmi.com/caselaws?id=414918 Plastic waste and scrap emerging during manufacture of BOPP films from duty-paid polypropylene granules were treated as a by-product, not a final product, so MODVAT credit could not be denied or reversed merely because the waste arose in processing. The earlier view relied on held that inputs do not become non-duty-paid simply because credit has been taken, and that the relevant exemption and waste-removal provisions did not support the Revenue's demand. The Tribunal's approach was sustained, and the issue was answered against the Revenue and in favour of the assessee. en-us Mon, 15 Nov 2021 00:00:00 +0530 Sat, 20 Nov 2021 09:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414918 Plastic waste and scrap emerging during manufacture of BOPP films from duty-paid polypropylene granules were treated as a by-product, not a final product, so MODVAT credit could not be denied or reversed merely because the waste arose in processing. The earlier view relied on held that inputs do not become non-duty-paid simply because credit has been taken, and that the relevant exemption and waste-removal provisions did not support the Revenue's demand. The Tribunal's approach was sustained, and the issue was answered against the Revenue and in favour of the assessee. Case-Laws Customs Mon, 15 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414918