https://www.taxtmi.com/caselaws?id=435554 A circular directing reversal of input tax credit on manufacturing or invisible loss remained open to judicial review, because even a non-statutory circular can materially influence quasi-judicial assessment and subordinate officers' treatment of credit. Inputs used in manufacture are eligible for credit under the Tamil Nadu VAT Act even if they do not remain physically traceable in the finished product, because "use" refers to employment in the manufacturing process. Inherent, inevitable, or unavoidable manufacturing loss is not destruction or loss within the exclusionary provision, so it does not trigger reversal under Section 19(9). en-us Tue, 28 Feb 2023 00:00:00 +0530 Mon, 11 Sep 2023 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435554 A circular directing reversal of input tax credit on manufacturing or invisible loss remained open to judicial review, because even a non-statutory circular can materially influence quasi-judicial assessment and subordinate officers' treatment of credit. Inputs used in manufacture are eligible for credit under the Tamil Nadu VAT Act even if they do not remain physically traceable in the finished product, because "use" refers to employment in the manufacturing process. Inherent, inevitable, or unavoidable manufacturing loss is not destruction or loss within the exclusionary provision, so it does not trigger reversal under Section 19(9). Case-Laws VAT and Sales Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435554