https://www.taxtmi.com/caselaws?id=83776 Damaged picture tubes issued to the production floor did not qualify as waste arising during manufacture for Modvat credit because mere issue to the shop floor did not show that the inputs had entered the manufacturing process; the credit therefore had to be reversed. Penalty under the Central Excise Rules was unsustainable because the penalty order lacked adequate reasons and there was no factual basis showing conduct beyond a bona fide claim to credit; the penalty was set aside. en-us Tue, 15 Nov 1994 00:00:00 +0530 Sat, 16 Jul 2011 16:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83776 Damaged picture tubes issued to the production floor did not qualify as waste arising during manufacture for Modvat credit because mere issue to the shop floor did not show that the inputs had entered the manufacturing process; the credit therefore had to be reversed. Penalty under the Central Excise Rules was unsustainable because the penalty order lacked adequate reasons and there was no factual basis showing conduct beyond a bona fide claim to credit; the penalty was set aside. Case-Laws Central Excise Tue, 15 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83776