https://www.taxtmi.com/caselaws?id=331501 The Tribunal set aside the demand for inadmissible modvat credit due to lack of evidence supporting excess consumption of raw materials or clandestine removal of finished products. The Tribunal found the demand unjustified and arbitrary as there was no confirmation of excess process loss or restriction on credit taken. The judgment emphasized the importance of considering in-process materials in demand calculations and highlighted the absence of evidence for excess consumption or clandestine removal, except for a small uncontested amount. en-us Mon, 06 Jun 2016 00:00:00 +0530 Tue, 15 Nov 2016 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331501 The Tribunal set aside the demand for inadmissible modvat credit due to lack of evidence supporting excess consumption of raw materials or clandestine removal of finished products. The Tribunal found the demand unjustified and arbitrary as there was no confirmation of excess process loss or restriction on credit taken. The judgment emphasized the importance of considering in-process materials in demand calculations and highlighted the absence of evidence for excess consumption or clandestine removal, except for a small uncontested amount. Case-Laws Central Excise Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331501