https://www.taxtmi.com/caselaws?id=84410 Modvat credit disputes concerning alleged non-accounting of inputs sent for job work were held not to fall within the limitation framework applicable to erroneous credit under Rule 57-I(1), though any demand still had to be raised within a reasonable period. On the merits, disallowance based on an assumed 5% cap on burning loss was rejected because no reliable enquiry or supporting data justified fixing that benchmark or discarding the reported losses. The assessee was denied relief on limitation but succeeded on the merits issue, leaving only partial relief to the Revenue. en-us Tue, 30 May 1995 00:00:00 +0530 Thu, 21 Jul 2011 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84410 Modvat credit disputes concerning alleged non-accounting of inputs sent for job work were held not to fall within the limitation framework applicable to erroneous credit under Rule 57-I(1), though any demand still had to be raised within a reasonable period. On the merits, disallowance based on an assumed 5% cap on burning loss was rejected because no reliable enquiry or supporting data justified fixing that benchmark or discarding the reported losses. The assessee was denied relief on limitation but succeeded on the merits issue, leaving only partial relief to the Revenue. Case-Laws Central Excise Tue, 30 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84410