Central Excise - Admissibility of Modvat credit on 'cut tyres and tubes' - Clarification regarding

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..... ent of Revenue) Central Board of Excise Customs, New Delhi Subject : Central Excise - Admissibility of Modvat credit on 'cut tyres and tubes' - Clarification regarding. Attention is invited to Board's Letter F. No. 261/40/4/87-CX.8, dated 13-5-1988 . Doubts had been raised as to whether 'cut tyres and cut tubes' would be classifiable under heading no. 40.04 of the CET as 'waste', pa .....

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..... sed of as waste and scrap would be appropriately classifiable under Heading No. 40.04. 4. The Board also holds that since such cut tyres and cut tubes and nothing but waste and scrap, the credit of duty paid on inputs could not be denied or varied on the ground that part of the input is contained in such waste/scrap, by virtue of Rule 57D(1) of the Central Excise Rules, 1944. 5. The instructio .....

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