https://www.taxtmi.com/caselaws?id=121812 Modvat credit was not required to be reversed where inputs were issued for manufacture and were wasted or rejected during the manufacturing process, because waste arising after commencement of manufacture was treated as within the scheme's permissible credit treatment. The denial of credit therefore failed. As the penalty and interest were founded on the same credit demand, they could not survive once the principal reversal issue was decided against the department. en-us Fri, 22 Jun 2007 00:00:00 +0530 Mon, 06 Aug 2012 15:30:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121812 Modvat credit was not required to be reversed where inputs were issued for manufacture and were wasted or rejected during the manufacturing process, because waste arising after commencement of manufacture was treated as within the scheme's permissible credit treatment. The denial of credit therefore failed. As the penalty and interest were founded on the same credit demand, they could not survive once the principal reversal issue was decided against the department. Case-Laws Central Excise Fri, 22 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121812