https://www.taxtmi.com/caselaws?id=195519 Cenvat credit on naphtha input could not be denied where the alleged shortage was insignificant, at 0.046% of total stock, and remained undisputed by the Revenue. The Tribunal treated the shortage as an inevitable storage or handling loss, noted that the volatile nature of the material was not controverted, and found no evidence of diversion or unauthorized removal. As the loss fell within the tolerance contemplated by the Board circular and the input was still intended for use in manufacture of final products, the credit claim was allowed to stand and the Revenue challenge failed. en-us Wed, 16 Nov 2016 00:00:00 +0530 Thu, 02 Nov 2017 17:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195519 Cenvat credit on naphtha input could not be denied where the alleged shortage was insignificant, at 0.046% of total stock, and remained undisputed by the Revenue. The Tribunal treated the shortage as an inevitable storage or handling loss, noted that the volatile nature of the material was not controverted, and found no evidence of diversion or unauthorized removal. As the loss fell within the tolerance contemplated by the Board circular and the input was still intended for use in manufacture of final products, the credit claim was allowed to stand and the Revenue challenge failed. Case-Laws Central Excise Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195519