Court Rules Waste Not a By-Product; No Cenvat Credit Reversal Needed for Exempted Goods Value.

Cenvat Credit - Demand of 5%/10% value of exempted goods - The waste cannot be considered as a bye-product and hence it cannot be said that common inputs on input services are utilized for seeking reversal of 5% or 10% of the value of waste products. - AT .....

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