https://www.taxtmi.com/caselaws?id=34516 Cenvat credit on slow-moving or non-moving inputs could not be denied merely because a provision was made in the balance sheet, where the inputs remained physically available in the factory and were shown as being used. The determinative test was whether the inputs had actually been scrapped, discarded, or removed from inventory; no such finding was recorded. As the assessee produced consumption details showing continued use, the accounting write-off alone did not establish that the goods had ceased to exist in stock. Credit was therefore admissible and the disallowance was unsustainable. en-us Wed, 05 Nov 2008 00:00:00 +0530 Mon, 07 Sep 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34516 Cenvat credit on slow-moving or non-moving inputs could not be denied merely because a provision was made in the balance sheet, where the inputs remained physically available in the factory and were shown as being used. The determinative test was whether the inputs had actually been scrapped, discarded, or removed from inventory; no such finding was recorded. As the assessee produced consumption details showing continued use, the accounting write-off alone did not establish that the goods had ceased to exist in stock. Credit was therefore admissible and the disallowance was unsustainable. Case-Laws Central Excise Wed, 05 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34516