2016 (6) TMI 1153

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.... Mishra, DR for the respondent Per: V. Padmanabhan: The appellant is a manufacturer of sponge iron. They use iron ore as main input. They have taken credit of service tax paid on input services. In the course of processing of iron ore, 'iron ore fines' emerged which were cleared and sold on payment of duty. There is no dispute on the fact that they have not maintained separate accounts for the u....

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....ellant and ld. DR Shri R. K. Mishra for the respondent. 3. Ld. Advocate submitted that the iron ore fines obtained during the processing of iron ore are nothing but process waste and the same cannot be treated as excisable goods. In terms of Rule 6 of the Cenvat Credit Rules, there is no need for reversal of 10% of the value of the exempted goods, if a part of the inputs is contained in waste or ....