2014 (1) TMI 274

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..... was within the prescribed limit of 2% as laid down by the Board Circular dated 6/2/82 – Following India Glycols Ltd. and Shri V.M. Tiwari vs. CCE [2004 (4) TMI 534 - CESTAT, New Delhi] – there was no justification for denial of Cenvat credit in respect of the molasses lost during storage when admittedly the duty stands paid by the manufacturer on the full quantum of the molasses – order set aside .....

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..... related to the storage loss of the molasses cannot be allowed to be availed as credit by the lower authorities. 2. We note that the loss had occurred on account of natural phenomena and was within the prescribed limit of 2% as laid down by the Board Circular dated 6/2/82. We also find that as identical issue is covered by the earlier decision of the Tribunal in the appellant s own case reported .....

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