2014 (3) TMI 520

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.... Ashok Jindal: Heard both sides. 2. The brief facts of the case are that the appellants are manufacturers of the fabrics. During the manufacture of cotton fabric, cotton waste arises which was sold by the appellant duty free waste as cotton waste is duty free. Revenue is of the view that the waste of cotton arising out of the manufacture of cotton fabric is not entitled for credit availed by....

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.... Therefore, the appellant are required to reverse the disputed amount of credit. Against the said order, the appellant are in appeal before me. 3. Shri S.S.Gupta, CA, ld. consultant for the appellant appeared before me and submits that the CBEC circular No. B-4/7/2000 TRU dated 3.4.2000 has clarified that the appellant are entitled for availing the CENVAT credit on cotton involved in the cotton....

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....een raised whether CENVAT credit would be admissible on the part of the input that is contained in any waste, refuse or bye product. In this context it is clarified that CENVAT credit shall be admissible in respect of the amount of inputs contained in any of the aforesaid waste, refuse or bye product. Similarly, CENVAT should not be denied if the inputs are used in any intermediate of the final pr....