https://www.taxtmi.com/caselaws?id=329055 Process losses of gases during debulking, storage and cylinder filling were treated as inputs used in or in relation to manufacture, so Modvat credit was not required to be reversed. The Tribunal relied on precedent allowing credit in comparable gas-loss situations, including cases where part of the gas was later returned, and held that the cited authorities fully covered the controversy. As the credit was sustainable, the related penalty did not survive. en-us Wed, 27 Apr 2016 00:00:00 +0530 Wed, 21 Dec 2016 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329055 Process losses of gases during debulking, storage and cylinder filling were treated as inputs used in or in relation to manufacture, so Modvat credit was not required to be reversed. The Tribunal relied on precedent allowing credit in comparable gas-loss situations, including cases where part of the gas was later returned, and held that the cited authorities fully covered the controversy. As the credit was sustainable, the related penalty did not survive. Case-Laws Central Excise Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329055