https://www.taxtmi.com/caselaws?id=106145 Modvat credit could not be denied on steel rods sent for job work where part of the material was lost as burning loss during wire-drawing and recorded as destroyed, because such loss was treated as waste arising in manufacture under Rule 57D. The loss was admitted at the job worker's end, and the Board's circular clarified that credit is not denied merely because the material is not physically available. Earlier Tribunal rulings treating burning loss of iron and steel as invisible waste were followed, and the larger bench decision cited by Revenue was distinguished on its facts. en-us Fri, 22 Feb 2002 00:00:00 +0530 Mon, 12 Mar 2012 17:49:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106145 Modvat credit could not be denied on steel rods sent for job work where part of the material was lost as burning loss during wire-drawing and recorded as destroyed, because such loss was treated as waste arising in manufacture under Rule 57D. The loss was admitted at the job worker's end, and the Board's circular clarified that credit is not denied merely because the material is not physically available. Earlier Tribunal rulings treating burning loss of iron and steel as invisible waste were followed, and the larger bench decision cited by Revenue was distinguished on its facts. Case-Laws Central Excise Fri, 22 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106145