2014 (4) TMI 508 - SCH - Central Excise

CENVAT Credit - final product is exempted from payment of duty - The appellant availed exemption on clearance of waste and scrap under notification no.89/95-CE dated 18th of May, 1995 - SC dismissed the appeal against the decision of High Court 2013 (8) TMI 66 - ALLAHABAD HIGH COURT wherein it was held that, CENVAT credit can be utilized for payment of duty on waste and scrap for the simple reason that waste and scrap are final products within the definition under Rule 57 AA (c) - Appellant was entitled for CENVAT Credit under Rule 57AA of the Central Excise Rules on proportionate plastic granules which generated the scrap in the manufacturing process of intravenous fluids (IV Fluids) - Decided against the revenue.

Summary

The Supreme Court dismissed the Special Leave Petitions after condoning the delay, as no substance was found in the petitions. [Citation: 2014 (4) TMI 508 - SC Order]