CENVAT Credit on inputs contained in scrap generated during manufacture of exempted goods - Assessee is entitled to credit - waste and scrap are 'final products' - Supreme Court Dismisses Revenue Appeal · TIOL-DDT 2333

CENVAT Credit on inputs contained in scrap generated during manufacture of exempted goods - Assessee is entitled to credit - waste and scrap are 'final products' - Supreme Court Dismisses Revenue Appeal

By Vijay Kumar

IN ALBERT DAVID VS COMMISSIONER OF CENTRAL EXCISE - the Allahabad High Court held, in view of the fact that the waste and scrap is final product and exciseable item, taking into consideration the scheme of CENVAT Credit, it is but obvious that the appellant is entitled to claim CENVAT Credit on the inputs of plastic granules proportionate to the waste and scrap.

The Revenue was not happy and took the matter in SLP to the Supreme Court.

The Supreme Court on Friday dismissed the SLP.

CENVAT Credit on inputs contained in scrap generated during manufacture of exempted goods - Assessee is entitled to credit - waste and scrap are 'final products' - Supreme Court Dismisses Revenue Appeal

Please see 2014-TIOL-36-SC-CX

Please see