https://www.taxtmi.com/caselaws?id=54455 Imported inputs damaged during transit were still treated as eligible for Modvat credit where they were received in the factory, intended for use in manufacture, and either used in production or cleared as waste on payment of duty. The interpretation of "for use" was applied to mean intended for use, and waste arising in relation to manufacture was also covered by the credit provision, so credit was not denied merely because part of the inputs was damaged. The extended limitation period was also found unavailable because the Department had knowledge of the receipt, segregation, and disposal procedure through the assessee's records and end-use certificates. en-us Thu, 10 Feb 2005 00:00:00 +0530 Wed, 20 Oct 2010 11:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54455 Imported inputs damaged during transit were still treated as eligible for Modvat credit where they were received in the factory, intended for use in manufacture, and either used in production or cleared as waste on payment of duty. The interpretation of "for use" was applied to mean intended for use, and waste arising in relation to manufacture was also covered by the credit provision, so credit was not denied merely because part of the inputs was damaged. The extended limitation period was also found unavailable because the Department had knowledge of the receipt, segregation, and disposal procedure through the assessee's records and end-use certificates. Case-Laws Central Excise Thu, 10 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54455