https://www.taxtmi.com/caselaws?id=121197 Rule 57D of the Central Excise Rules, 1944 protects Modvat credit from denial where inputs are consumed in manufacture and suffer inherent process loss, even if no physically identifiable waste product emerges. Inputs such as ingots and billets that diminish during melting and burning are treated as part of normal manufacturing loss; the absence of visible waste does not, by itself, justify reversal of credit or demand of duty. On that basis, reasonable percentage loss in such processes was treated as covered by Rule 57D, and denial of Modvat credit was not sustainable. en-us Fri, 02 Mar 2007 00:00:00 +0530 Fri, 27 Jul 2012 14:00:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121197 Rule 57D of the Central Excise Rules, 1944 protects Modvat credit from denial where inputs are consumed in manufacture and suffer inherent process loss, even if no physically identifiable waste product emerges. Inputs such as ingots and billets that diminish during melting and burning are treated as part of normal manufacturing loss; the absence of visible waste does not, by itself, justify reversal of credit or demand of duty. On that basis, reasonable percentage loss in such processes was treated as covered by Rule 57D, and denial of Modvat credit was not sustainable. Case-Laws Central Excise Fri, 02 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121197