https://www.taxtmi.com/caselaws?id=91353 Modvat credit could not be denied merely because inputs sent for processing suffered shortage or invisible loss during manufacture of intermediate products. The inputs were cleared to processors under the applicable Modvat procedure, and the assessee had disclosed that some material loss would occur in processing. Following an earlier Tribunal ruling on identical facts, the loss was treated as not defeating credit eligibility. The denial of credit was therefore unsustainable, and the assessee's claim succeeded. en-us Mon, 08 Feb 1999 00:00:00 +0530 Mon, 17 Oct 2011 15:00:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91353 Modvat credit could not be denied merely because inputs sent for processing suffered shortage or invisible loss during manufacture of intermediate products. The inputs were cleared to processors under the applicable Modvat procedure, and the assessee had disclosed that some material loss would occur in processing. Following an earlier Tribunal ruling on identical facts, the loss was treated as not defeating credit eligibility. The denial of credit was therefore unsustainable, and the assessee's claim succeeded. Case-Laws Central Excise Mon, 08 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91353