https://www.taxtmi.com/caselaws?id=51184 Modvat credit was admissible on inputs used in manufacturing waste generated during production of gas-filled bulbs, where the waste was cleared on payment of duty. The waste was treated as the relevant final product for Modvat purposes and was specifically covered by the scheme, so proportionate credit on inputs attributable to that waste could not be denied merely because the bulbs themselves were exempt. The exemption applicable to the bulbs did not bar credit on the waste in these facts, and the departmental clarification on waste and scrap supported this construction. The Revenue's challenge therefore failed. en-us Fri, 08 Mar 2002 00:00:00 +0530 Thu, 23 Sep 2010 11:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51184 Modvat credit was admissible on inputs used in manufacturing waste generated during production of gas-filled bulbs, where the waste was cleared on payment of duty. The waste was treated as the relevant final product for Modvat purposes and was specifically covered by the scheme, so proportionate credit on inputs attributable to that waste could not be denied merely because the bulbs themselves were exempt. The exemption applicable to the bulbs did not bar credit on the waste in these facts, and the departmental clarification on waste and scrap supported this construction. The Revenue's challenge therefore failed. Case-Laws Central Excise Fri, 08 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51184