https://www.taxtmi.com/caselaws?id=204651 The Tribunal ruled in favor of the appellant, allowing the appeal and providing consequential relief. The decision emphasized the importance of proper record-keeping, distinguishing trial run production from final product clearance, and highlighted the lack of legal grounds to deny credit based on capitalization practices or the absence of specific provisions. The denial of Modvat credit for inputs used in trial runs of a new product was overturned, with the Tribunal finding that the final products were properly accounted for and cleared, thus differentiating the case from the precedent cited by the Commissioner. en-us Thu, 07 Oct 2010 00:00:00 +0530 Thu, 30 Jun 2011 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204651 The Tribunal ruled in favor of the appellant, allowing the appeal and providing consequential relief. The decision emphasized the importance of proper record-keeping, distinguishing trial run production from final product clearance, and highlighted the lack of legal grounds to deny credit based on capitalization practices or the absence of specific provisions. The denial of Modvat credit for inputs used in trial runs of a new product was overturned, with the Tribunal finding that the final products were properly accounted for and cleared, thus differentiating the case from the precedent cited by the Commissioner. Case-Laws Central Excise Thu, 07 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204651