https://www.taxtmi.com/caselaws?id=109768 Modvat credit was treated as admissible where inputs were destroyed in a fire after they had entered the manufacturing process, since prior decisions had accepted credit in such circumstances. The fact that the goods were insured did not by itself justify denial of credit, because the assessee stated that no excise duty claim was made from the insurer and the Revenue produced no evidence to rebut that assertion. The stated principle is that post-process destruction of inputs does not automatically defeat credit, and an unsubstantiated insurance objection is insufficient to deny admissibility. en-us Mon, 09 Dec 2002 00:00:00 +0530 Wed, 11 Apr 2012 17:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109768 Modvat credit was treated as admissible where inputs were destroyed in a fire after they had entered the manufacturing process, since prior decisions had accepted credit in such circumstances. The fact that the goods were insured did not by itself justify denial of credit, because the assessee stated that no excise duty claim was made from the insurer and the Revenue produced no evidence to rebut that assertion. The stated principle is that post-process destruction of inputs does not automatically defeat credit, and an unsubstantiated insurance objection is insufficient to deny admissibility. Case-Laws Central Excise Mon, 09 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109768