Appellate Tribunal Misinterprets Rule 16(1) on CENVAT Credit for Returned Goods, Incorrectly Includes Scrapping.

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....Availment and utilization of CENVAT credit - returned goods - Appellate Tribunal has incorrectly interpreted the scope of Rule 16(1) by bringing scrapping within the embrace of Rule 16(1) and has proceeded to legitimise the benefit of CENVAT availed by the assessee.....