https://www.taxtmi.com/caselaws?id=113858 Modvat credit on caustic soda lye could not be denied where the Department failed to prove that the recorded soda loss was a short receipt before manufacture rather than a process loss in producing calcined alumina. The assessee's import, storage, transfer and issue records, including material transfer advices and duty-paying documents, supported a disclosed accounting system, while earlier proceedings on the same allegations had already been dropped after verification. A later audit report, without authenticated material, could not by itself displace those findings or fix binding consumption norms. The Department did not discharge the initial burden of proving ineligible loss, and the principle that exact one-to-one correlation between input and final product is unnecessary supported allowance of credit. en-us Wed, 21 Apr 2004 00:00:00 +0530 Tue, 12 Jul 2016 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113858 Modvat credit on caustic soda lye could not be denied where the Department failed to prove that the recorded soda loss was a short receipt before manufacture rather than a process loss in producing calcined alumina. The assessee's import, storage, transfer and issue records, including material transfer advices and duty-paying documents, supported a disclosed accounting system, while earlier proceedings on the same allegations had already been dropped after verification. A later audit report, without authenticated material, could not by itself displace those findings or fix binding consumption norms. The Department did not discharge the initial burden of proving ineligible loss, and the principle that exact one-to-one correlation between input and final product is unnecessary supported allowance of credit. Case-Laws Central Excise Wed, 21 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113858