https://www.taxtmi.com/caselaws?id=54527 Modvat credit under Rule 57A was unavailable where inputs and work-in-process were destroyed in a fire before manufacture was completed. The credit mechanism required the inputs to be used in or in relation to manufacture of the final product, and the record showed that no finished goods emerged from the inputs concerned. Because the inputs were destroyed before they could be so used, the statutory condition of utilisation in manufacture was not satisfied, and denial of credit was correct. en-us Wed, 29 Jun 2005 00:00:00 +0530 Wed, 20 Oct 2010 16:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54527 Modvat credit under Rule 57A was unavailable where inputs and work-in-process were destroyed in a fire before manufacture was completed. The credit mechanism required the inputs to be used in or in relation to manufacture of the final product, and the record showed that no finished goods emerged from the inputs concerned. Because the inputs were destroyed before they could be so used, the statutory condition of utilisation in manufacture was not satisfied, and denial of credit was correct. Case-Laws Central Excise Wed, 29 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54527