https://www.taxtmi.com/caselaws?id=109527 Modvat credit remained available where inputs were used in the manufacture of final products, even though the finished goods were washed away in floods before clearance. Revenue relied on Rule 57C of the Central Excise Rules, 1944 to deny credit on the basis that no duty was paid on the final products, but the stated reasoning rejected that approach. The fact that the finished goods were destroyed before duty clearance did not break the nexus between the inputs and the manufacturing process. On that basis, the text states that denial of credit was unsustainable and credit was admissible. en-us Thu, 05 Jun 2003 00:00:00 +0530 Tue, 10 Apr 2012 16:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109527 Modvat credit remained available where inputs were used in the manufacture of final products, even though the finished goods were washed away in floods before clearance. Revenue relied on Rule 57C of the Central Excise Rules, 1944 to deny credit on the basis that no duty was paid on the final products, but the stated reasoning rejected that approach. The fact that the finished goods were destroyed before duty clearance did not break the nexus between the inputs and the manufacturing process. On that basis, the text states that denial of credit was unsustainable and credit was admissible. Case-Laws Central Excise Thu, 05 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109527