https://www.taxtmi.com/caselaws?id=52183 Modvat credit was not required to be reversed on inputs contained in finished goods destroyed by fire where remission of duty was available on those finished goods; the demand on that part was set aside. By contrast, credit on inputs lying unutilised in the factory and never issued for manufacture could not be retained when those inputs were destroyed by fire, because Modvat credit attaches only to inputs used in or in relation to manufacture; the demand on that part was sustained. The distinction turned on whether the inputs had actually entered the manufacturing process and whether remission extended to the finished goods, not on the mere fact of destruction by fire. en-us Fri, 25 Apr 2003 00:00:00 +0530 Mon, 04 Oct 2010 10:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52183 Modvat credit was not required to be reversed on inputs contained in finished goods destroyed by fire where remission of duty was available on those finished goods; the demand on that part was set aside. By contrast, credit on inputs lying unutilised in the factory and never issued for manufacture could not be retained when those inputs were destroyed by fire, because Modvat credit attaches only to inputs used in or in relation to manufacture; the demand on that part was sustained. The distinction turned on whether the inputs had actually entered the manufacturing process and whether remission extended to the finished goods, not on the mere fact of destruction by fire. Case-Laws Central Excise Fri, 25 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52183