https://www.taxtmi.com/caselaws?id=93751 A shortage of wall clock cabinets was held not to justify duty demand where the excess finished clocks found in the factory plausibly indicated captive consumption of cabinets manufactured in the same unit, making the shortage explanation reasonable. By contrast, Modvat credit linked to a shortage of clock movements was denied because the inputs were treated as fully manufactured components, no satisfactory evidence of manufacturing waste or its disposal was produced, and Rule 57D(1) was not attracted. The matter therefore reflected a partial relief on the cabinet shortage issue, while the adverse finding on clock movements remained in place. en-us Tue, 11 Jul 2000 00:00:00 +0530 Wed, 16 Nov 2011 16:05:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93751 A shortage of wall clock cabinets was held not to justify duty demand where the excess finished clocks found in the factory plausibly indicated captive consumption of cabinets manufactured in the same unit, making the shortage explanation reasonable. By contrast, Modvat credit linked to a shortage of clock movements was denied because the inputs were treated as fully manufactured components, no satisfactory evidence of manufacturing waste or its disposal was produced, and Rule 57D(1) was not attracted. The matter therefore reflected a partial relief on the cabinet shortage issue, while the adverse finding on clock movements remained in place. Case-Laws Central Excise Tue, 11 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93751