https://www.taxtmi.com/caselaws?id=97768 The appeal was filed by the Department against the decision of the Collector of Central Excise, Mumbai, regarding the admissibility of Modvat credit on duty paid inputs destroyed in a fire incident. The Assistant Collector had dropped the demand for duty, citing that duty cannot be demanded in case of lost goods and that the demand was time-barred. However, the Collector of Central Excise upheld the Assistant Collector's decision. The issue revolved around whether Modvat credit was admissible on inputs destroyed before being used in final product manufacturing. The Tribunal referred the matter to a Larger Bench for a comprehensive determination due to conflicting judgments on the interpretation of the term "not legal and proper" in Section 35B of the Central Excise Act. en-us Fri, 16 Mar 2001 00:00:00 +0530 Wed, 18 Jan 2012 10:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97768 The appeal was filed by the Department against the decision of the Collector of Central Excise, Mumbai, regarding the admissibility of Modvat credit on duty paid inputs destroyed in a fire incident. The Assistant Collector had dropped the demand for duty, citing that duty cannot be demanded in case of lost goods and that the demand was time-barred. However, the Collector of Central Excise upheld the Assistant Collector's decision. The issue revolved around whether Modvat credit was admissible on inputs destroyed before being used in final product manufacturing. The Tribunal referred the matter to a Larger Bench for a comprehensive determination due to conflicting judgments on the interpretation of the term "not legal and proper" in Section 35B of the Central Excise Act. Case-Laws Central Excise Fri, 16 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97768