https://www.taxtmi.com/caselaws?id=351225 Modvat credit was treated as admissible on inputs used in or in relation to manufacture even where defective material became waste or was destroyed during processing, because Rule 57-A covered indirect use and Rule 57-D barred denial of credit merely due to waste, refuse, or by-products arising in manufacture. The article also notes that an alleged shortage of inputs was not established where stock records showed corresponding excesses and the accounting was based on weighment of minute items; in the absence of cogent contrary evidence, that finding remained one of fact. The discussion concludes that credit cannot be denied on the ground that inputs do not physically survive in the final product, and that unsupported shortage allegations will not displace factual findings. en-us Mon, 20 Nov 2017 00:00:00 +0530 Fri, 27 Apr 2018 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351225 Modvat credit was treated as admissible on inputs used in or in relation to manufacture even where defective material became waste or was destroyed during processing, because Rule 57-A covered indirect use and Rule 57-D barred denial of credit merely due to waste, refuse, or by-products arising in manufacture. The article also notes that an alleged shortage of inputs was not established where stock records showed corresponding excesses and the accounting was based on weighment of minute items; in the absence of cogent contrary evidence, that finding remained one of fact. The discussion concludes that credit cannot be denied on the ground that inputs do not physically survive in the final product, and that unsupported shortage allegations will not displace factual findings. Case-Laws Central Excise Mon, 20 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351225