1997 (5) TMI 185 - AT - Central Excise

Summary

The appeal was filed by M/s. Antifriction Bearings Corpn. Ltd. regarding duty liability on waste and scrap generated during the manufacture of roller bearings from seamless rings. The Revenue argued that no exemption was available for the waste and scrap since Modvat credit was already taken on the inputs. However, the Tribunal ruled in favor of the appellant, stating that the waste and scrap were eligible for exemption as they arose during the processing of seamless rings into bearings, which were not covered by the conditions of the notification. The appeal was allowed.