https://www.taxtmi.com/caselaws?id=4584 Rectified spirit being a volatile product, natural storage loss was treated as inevitable wastage rather than a loss requiring cenvat credit reversal. The absence of an express Central Excise provision or Board circular on storage loss did not, by itself, justify denial of relief where the loss was shown to be inherent and reasonable. The Tribunal relied on the comparable recognition of storage loss under State Excise norms and on prior decisions concerning rectified spirit and invisible losses. On that basis, the demand for reversal of credit on the quantity lost in storage was held unsustainable. en-us Wed, 05 Mar 2008 00:00:00 +0530 Mon, 14 Jul 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4584 Rectified spirit being a volatile product, natural storage loss was treated as inevitable wastage rather than a loss requiring cenvat credit reversal. The absence of an express Central Excise provision or Board circular on storage loss did not, by itself, justify denial of relief where the loss was shown to be inherent and reasonable. The Tribunal relied on the comparable recognition of storage loss under State Excise norms and on prior decisions concerning rectified spirit and invisible losses. On that basis, the demand for reversal of credit on the quantity lost in storage was held unsustainable. Case-Laws Central Excise Wed, 05 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4584