2003 (6) TMI 368 - AT - Central Excise

Summary

The Revenue appealed against the Order-in-appeal allowing credit on inputs washed away in a flood. The Tribunal upheld the decision, stating that inputs used in the manufacture of final products qualify for credit, even if the final product is duty-exempt. The Tribunal's previous ruling supported this, emphasizing that inputs used in semi-finished goods are considered used in relation to the final product's manufacture. The appeal was dismissed.