https://www.taxtmi.com/caselaws?id=49032 Modvat credit was treated as admissible on moisture evaporated from phospho gypsum during storage and use in cement manufacture because the input had been received in full quantity on duty-paid invoiced weight, including moisture. The negligible moisture loss was characterised as evaporation due to atmospheric conditions and the manufacturing process, not as loss of the input itself before use. On that basis, the relevant quantity for credit remained the quantity received in the factory, and credit could not be denied merely because moisture later evaporated. The note aligns this approach with earlier Tribunal decisions treating such evaporation as admissible process loss. en-us Fri, 17 Dec 2004 00:00:00 +0530 Mon, 09 Aug 2010 12:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49032 Modvat credit was treated as admissible on moisture evaporated from phospho gypsum during storage and use in cement manufacture because the input had been received in full quantity on duty-paid invoiced weight, including moisture. The negligible moisture loss was characterised as evaporation due to atmospheric conditions and the manufacturing process, not as loss of the input itself before use. On that basis, the relevant quantity for credit remained the quantity received in the factory, and credit could not be denied merely because moisture later evaporated. The note aligns this approach with earlier Tribunal decisions treating such evaporation as admissible process loss. Case-Laws Central Excise Fri, 17 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49032