https://www.taxtmi.com/caselaws?id=161121 The Tribunal allowed the appeal, holding that the appellant was entitled to take credit on the total quantity of molasses received for manufacturing ethyl alcohol without considering storage loss. The Tribunal emphasized that the appellant received the full quantity of molasses and should receive credit for the entire amount under the Modvat scheme. The Tribunal also considered a Board circular on storage loss and compared the case with prior decisions, ultimately setting aside the penalty imposed on the appellant. en-us Tue, 27 Apr 2004 00:00:00 +0530 Tue, 07 Jan 2014 07:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161121 The Tribunal allowed the appeal, holding that the appellant was entitled to take credit on the total quantity of molasses received for manufacturing ethyl alcohol without considering storage loss. The Tribunal emphasized that the appellant received the full quantity of molasses and should receive credit for the entire amount under the Modvat scheme. The Tribunal also considered a Board circular on storage loss and compared the case with prior decisions, ultimately setting aside the penalty imposed on the appellant. Case-Laws Central Excise Tue, 27 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161121