https://www.taxtmi.com/caselaws?id=53617 The Appellate Tribunal CESTAT, New Delhi rejected the Revenue's appeal challenging the allowance of CENVAT credit on the entire quantity of LDO/Furnace Oil to a specific plant. The Tribunal emphasized that CENVAT credit should be claimed for inputs actually received in the factory, considering the volatile nature of LDO/Furnace Oil prone to evaporation during transportation. Relying on precedent cases, the Tribunal held that minor differences in weight or transit losses should not justify denying CENVAT credit. The Tribunal aligned with previous decisions and upheld the Order-in-Appeal, emphasizing the insignificance of minor losses in determining CENVAT credit eligibility. en-us Wed, 01 Dec 2004 00:00:00 +0530 Thu, 14 Oct 2010 12:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53617 The Appellate Tribunal CESTAT, New Delhi rejected the Revenue's appeal challenging the allowance of CENVAT credit on the entire quantity of LDO/Furnace Oil to a specific plant. The Tribunal emphasized that CENVAT credit should be claimed for inputs actually received in the factory, considering the volatile nature of LDO/Furnace Oil prone to evaporation during transportation. Relying on precedent cases, the Tribunal held that minor differences in weight or transit losses should not justify denying CENVAT credit. The Tribunal aligned with previous decisions and upheld the Order-in-Appeal, emphasizing the insignificance of minor losses in determining CENVAT credit eligibility. Case-Laws Central Excise Wed, 01 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53617