https://www.taxtmi.com/caselaws?id=93229 Modvat credit on inputs used in the manufacture of finished or semi-finished goods destroyed in fire was treated as admissible, on the reasoning that destruction of the goods does not by itself extinguish the input credit linked to them. The Tribunal also noted the waiver request in the context of claimed remission under Rule 49 of the Central Excise Rules, 1944 and an objection on maintainability under Section 35B of the Central Excise Act, 1944. The waiver application was allowed unconditionally. en-us Fri, 24 Dec 1999 00:00:00 +0530 Wed, 09 Nov 2011 12:09:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93229 Modvat credit on inputs used in the manufacture of finished or semi-finished goods destroyed in fire was treated as admissible, on the reasoning that destruction of the goods does not by itself extinguish the input credit linked to them. The Tribunal also noted the waiver request in the context of claimed remission under Rule 49 of the Central Excise Rules, 1944 and an objection on maintainability under Section 35B of the Central Excise Act, 1944. The waiver application was allowed unconditionally. Case-Laws Central Excise Fri, 24 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93229