https://www.taxtmi.com/caselaws?id=104177 Where an earlier stock shortage of alumina had attained finality through settlement under the Kar Vivad Samadhan Scheme, the corresponding Modvat credit denial also became final and the opening balance in RG 23A Part I had to be reduced by that quantity for later stock reconciliation. An incorrect opening balance would distort any subsequent shortage calculation, so the later verification had to be made after neutralising the earlier shortfall. The CEGAT upheld the Commissioner (Appeals), and the Revenue's challenge failed. en-us Thu, 21 Mar 2002 00:00:00 +0530 Tue, 28 Feb 2012 11:42:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104177 Where an earlier stock shortage of alumina had attained finality through settlement under the Kar Vivad Samadhan Scheme, the corresponding Modvat credit denial also became final and the opening balance in RG 23A Part I had to be reduced by that quantity for later stock reconciliation. An incorrect opening balance would distort any subsequent shortage calculation, so the later verification had to be made after neutralising the earlier shortfall. The CEGAT upheld the Commissioner (Appeals), and the Revenue's challenge failed. Case-Laws Central Excise Thu, 21 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104177