https://www.taxtmi.com/caselaws?id=239900 Modvat credit was denied where a shortage of PP granules was undisputed and the record, including the factory in-charge's statement, showed that finished goods contained 97.85% input content without contrary evidence to rebut unaccounted inputs. Duty demand was also sustained on PP materials and scrap sent to job workers because receipt back of processed material was not proved, some job workers could not be traced or identified, and the materials were treated as unaccounted clearances. The appellate order was maintained in full, along with the related penalty and interest, on the basis that adverse inferences were justified when the assessee failed to dislodge the shortage and job-work discrepancies. en-us Wed, 10 Jul 2013 00:00:00 +0530 Sun, 24 Nov 2013 07:14:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239900 Modvat credit was denied where a shortage of PP granules was undisputed and the record, including the factory in-charge's statement, showed that finished goods contained 97.85% input content without contrary evidence to rebut unaccounted inputs. Duty demand was also sustained on PP materials and scrap sent to job workers because receipt back of processed material was not proved, some job workers could not be traced or identified, and the materials were treated as unaccounted clearances. The appellate order was maintained in full, along with the related penalty and interest, on the basis that adverse inferences were justified when the assessee failed to dislodge the shortage and job-work discrepancies. Case-Laws Central Excise Wed, 10 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239900