https://www.taxtmi.com/caselaws?id=253462 Modvat credit on zinc and lead concentrates was treated as allowable where the shortage was found during stock verification and was explained as loss occurring in the manufacturing process. The High Court accepted that such losses fall within Rule 57D of the Central Excise Rules and held that the Tribunal was right in allowing the credit, even though the Revenue disputed the explanation for the shortage and sought recovery, duty, interest and penalty. Finding no substantial question of law, the Court upheld the Tribunal's view and rejected the Revenue's challenge. en-us Wed, 06 Feb 2013 00:00:00 +0530 Tue, 25 Nov 2014 08:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253462 Modvat credit on zinc and lead concentrates was treated as allowable where the shortage was found during stock verification and was explained as loss occurring in the manufacturing process. The High Court accepted that such losses fall within Rule 57D of the Central Excise Rules and held that the Tribunal was right in allowing the credit, even though the Revenue disputed the explanation for the shortage and sought recovery, duty, interest and penalty. Finding no substantial question of law, the Court upheld the Tribunal's view and rejected the Revenue's challenge. Case-Laws Central Excise Wed, 06 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253462