https://www.taxtmi.com/caselaws?id=210296 Cenvat credit need not be reversed by a principal manufacturer merely because inputs sent for job work are received back in reduced quantity due to waste and scrap generated during processing at the job worker's end. The Tribunal applied the settled position that, where inputs are sent under the job work procedure and credit is validly taken, short receipt attributable to processing loss does not create a reversal liability on the principal manufacturer. On that basis, the demand for duty, interest, and penalty was held unsustainable. en-us Thu, 14 Jul 2011 00:00:00 +0530 Thu, 22 Nov 2012 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210296 Cenvat credit need not be reversed by a principal manufacturer merely because inputs sent for job work are received back in reduced quantity due to waste and scrap generated during processing at the job worker's end. The Tribunal applied the settled position that, where inputs are sent under the job work procedure and credit is validly taken, short receipt attributable to processing loss does not create a reversal liability on the principal manufacturer. On that basis, the demand for duty, interest, and penalty was held unsustainable. Case-Laws Central Excise Thu, 14 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210296