https://www.taxtmi.com/caselaws?id=333805 The High Court dismissed the Tax Appeal, upholding the Customs, Excise & Service Tax Appellate Tribunal's decision. The court found that the negligible shortfall in input consumption, amounting to 0.42%, could be categorized as manufacturing loss within tolerance limits. It was concluded that discrepancies in input valuation did not disqualify for Cenvat credit, as the industry knowledge regarding manufacturing loss tolerance limits was correctly considered by the Tribunal. en-us Thu, 04 Feb 2016 00:00:00 +0530 Tue, 25 Oct 2016 10:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333805 The High Court dismissed the Tax Appeal, upholding the Customs, Excise & Service Tax Appellate Tribunal's decision. The court found that the negligible shortfall in input consumption, amounting to 0.42%, could be categorized as manufacturing loss within tolerance limits. It was concluded that discrepancies in input valuation did not disqualify for Cenvat credit, as the industry knowledge regarding manufacturing loss tolerance limits was correctly considered by the Tribunal. Case-Laws Central Excise Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333805