https://www.taxtmi.com/caselaws?id=1118 The court upheld the Commissioner (Appeals) order partly setting aside the original authority's order. The appeal against the demand of duty and penalty was allowed. The company availed Cenvat credit for inputs and reported storage losses. The court accepted the losses up to 0.5% and ordered duty payment on the excess. It was held that duty need not be paid on finished goods lost, and inputs for exempted products should not be subject to credit reversal. The judge found the reasoning of the Commissioner (Appeals) acceptable and dismissed the department's appeals. en-us Thu, 23 Nov 2006 00:00:00 +0530 Mon, 14 Apr 2008 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1118 The court upheld the Commissioner (Appeals) order partly setting aside the original authority's order. The appeal against the demand of duty and penalty was allowed. The company availed Cenvat credit for inputs and reported storage losses. The court accepted the losses up to 0.5% and ordered duty payment on the excess. It was held that duty need not be paid on finished goods lost, and inputs for exempted products should not be subject to credit reversal. The judge found the reasoning of the Commissioner (Appeals) acceptable and dismissed the department's appeals. Case-Laws Central Excise Thu, 23 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1118