Cenvat Credit Rule 16(1) Applies to Buy-Back of Non-Usable Batteries; Excise Duty Paid on Processed Materials.

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....Rule 16(1) of Cenvat Credit Rules, 2002 - buy-back of non-usable batteries - retrieved material of old batteries underwent certain processes and was cleared as new battery and as waste/scrap on payment of duty of Central Excise - credit allowed - AT....