https://www.taxtmi.com/caselaws?id=92414 Duty demands based on excess consumption and stock shortages were sustained only to the extent supported by statutory records and reconciled verification, with duplicated quantities excluded from the computation. Modvat credit was allowed for inputs damaged during the assembling process and treated as waste or scrap under Rule 57D, so credit could not be denied merely because the materials became unfit during manufacture. By contrast, debit was upheld for undisputed PSU clearances and for certain line rejections requiring return verification. The penalty was reduced in light of the partial relief on duty and credit issues. en-us Thu, 02 Sep 1999 00:00:00 +0530 Tue, 01 Nov 2011 15:13:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92414 Duty demands based on excess consumption and stock shortages were sustained only to the extent supported by statutory records and reconciled verification, with duplicated quantities excluded from the computation. Modvat credit was allowed for inputs damaged during the assembling process and treated as waste or scrap under Rule 57D, so credit could not be denied merely because the materials became unfit during manufacture. By contrast, debit was upheld for undisputed PSU clearances and for certain line rejections requiring return verification. The penalty was reduced in light of the partial relief on duty and credit issues. Case-Laws Central Excise Thu, 02 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92414