https://www.taxtmi.com/caselaws?id=53359 Modvat credit on aluminium sheets used in bus body manufacture was denied to the extent the inputs went into bus bodies cleared at nil rate of duty, because the nil-rated final product attracted the credit restriction. However, aluminium waste and scrap arising in the same manufacturing process was treated as a distinct excisable final product covered by the assessee's Modvat declaration. Credit therefore remained admissible for the portion of inputs attributable to the scrap cleared on payment of duty, since the restriction for exempt or nil-rated final products did not extend to that separately dutiable output. en-us Thu, 05 Feb 2004 00:00:00 +0530 Tue, 12 Oct 2010 17:33:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53359 Modvat credit on aluminium sheets used in bus body manufacture was denied to the extent the inputs went into bus bodies cleared at nil rate of duty, because the nil-rated final product attracted the credit restriction. However, aluminium waste and scrap arising in the same manufacturing process was treated as a distinct excisable final product covered by the assessee's Modvat declaration. Credit therefore remained admissible for the portion of inputs attributable to the scrap cleared on payment of duty, since the restriction for exempt or nil-rated final products did not extend to that separately dutiable output. Case-Laws Central Excise Thu, 05 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53359