Clearance of Ferrous (iron &Steel) Scrap from Imported Brass After Soring and Melting Process Cannot be Treated as Removal of Inputs under Rule 3(5) of Cenvat Credit Rules: CESTAT [Read Order]

Clearance - Ferrous-iron-Steel- Imported -Brass - Soring - Melting - Treated - Removal - Inputs - Cenvat- Credit -Rules- CESTAT-TAXSCAN

The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that clearance of ferrous (iron &steel) scrap from imported brass after soring and melting process cannot be treated as removal of inputs under Rule 3(5) of the Cenvat Credit Rules, 2004. Shri, Anand Nainawati, Counsel appeared on behalf of the…

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