https://www.taxtmi.com/caselaws?id=52265 Modvat credit on inputs lost during the manufacturing process was treated as allowable where the loss occurred after the inputs were taken into manufacture and not on clearance from the factory. The Revenue did not dispute that the full quantity entered the manufacturing stream, and the loss was explained as arising during processing and re-weighing before feeding into the plant. On that basis, the lost quantity remained attributable to use of the inputs in or in relation to manufacture of the final products, and credit could not be denied merely because some inputs were lost in handling. Rule 57D also preserved credit where inputs were reflected in waste, refuse, or by-product. en-us Thu, 12 Jun 2003 00:00:00 +0530 Mon, 04 Oct 2010 15:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52265 Modvat credit on inputs lost during the manufacturing process was treated as allowable where the loss occurred after the inputs were taken into manufacture and not on clearance from the factory. The Revenue did not dispute that the full quantity entered the manufacturing stream, and the loss was explained as arising during processing and re-weighing before feeding into the plant. On that basis, the lost quantity remained attributable to use of the inputs in or in relation to manufacture of the final products, and credit could not be denied merely because some inputs were lost in handling. Rule 57D also preserved credit where inputs were reflected in waste, refuse, or by-product. Case-Laws Central Excise Thu, 12 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52265