https://www.taxtmi.com/caselaws?id=1492 Modvat/Cenvat credit should not be denied merely because a negligible quantity of inputs is written off in the balance sheet as shortage, where the goods were received in the factory and were not separately usable in manufacture. The Tribunal noted that the disputed inputs were less than 0.7% of total procurement and accepted the explanation that they remained in an inseparably mixed condition rather than being truly missing. On that basis, and following prior precedent, the write-off entry alone was insufficient to justify credit denial, so the credit was allowed. en-us Fri, 30 Mar 2007 00:00:00 +0530 Mon, 14 Apr 2008 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1492 Modvat/Cenvat credit should not be denied merely because a negligible quantity of inputs is written off in the balance sheet as shortage, where the goods were received in the factory and were not separately usable in manufacture. The Tribunal noted that the disputed inputs were less than 0.7% of total procurement and accepted the explanation that they remained in an inseparably mixed condition rather than being truly missing. On that basis, and following prior precedent, the write-off entry alone was insufficient to justify credit denial, so the credit was allowed. Case-Laws Central Excise Fri, 30 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1492