1998 (3) TMI 205

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....hani R. JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - In the order impugned in appeal, the Collector (Appeals), confirming the finding of the Assistant Collector has held that the assessee was not entitled to take Modvat credit of duty paid on that portion of the inputs used by it for the manufacture of pharmaceutical products which were rendered as "waste in the proces....

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....ppeals)' view. The expression used in sub-rule (1) is "any waste refuse or any product arising during the manufacture of the final product" (Emphasis ours) virtually all processes which amount to manufacture are not instantaneous are spread out over a period of time, such a period of time during which the raw material or component is converted into the final product may be short or prolonged. The ....