Reversal of credit not required while clearance of waste and scrap

Forgings (India) Iron & Steel Limited Vs Commissioner of CGST & Excise (CESTAT Kolkata) CESTAT Kolkata held that as waste and scrap are not manufactured goods the legislature have consciously not made any provisions for reversal of any credit taken on duty paid inputs in case of clearance of waste and scrap Facts- The issue involved in the present appeal is as to whether the credit attributable to the inputs contained in waste and scraps, which have not been received from the job worker, is required to be reversed or not. The Appellant is engaged in the manufacture of various steel for...