https://www.taxtmi.com/caselaws?id=95195 Modvat credit on inputs cannot be denied merely because the inputs are destroyed by fire after they have entered the manufacturing stream and manufacture is already in progress. The recorded factual finding was that the fibre had been issued for processing, mixing had been completed, and the next stage of manufacture was underway when the fire occurred; that finding was not displaced in appeal. Applying this principle, the Tribunal held that credit remained admissible because the inputs had been used in manufacture before destruction, and the revenue's objection failed. en-us Wed, 04 Oct 2000 00:00:00 +0530 Thu, 08 Dec 2011 16:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95195 Modvat credit on inputs cannot be denied merely because the inputs are destroyed by fire after they have entered the manufacturing stream and manufacture is already in progress. The recorded factual finding was that the fibre had been issued for processing, mixing had been completed, and the next stage of manufacture was underway when the fire occurred; that finding was not displaced in appeal. Applying this principle, the Tribunal held that credit remained admissible because the inputs had been used in manufacture before destruction, and the revenue's objection failed. Case-Laws Central Excise Wed, 04 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95195