2005 (6) TMI 186

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..... e factory including finished goods, raw material stock and materials under processing was destroyed in fire. The lower appellate authority has denied the above credit to the assessee on the ground that the inputs were destroyed prior to utilisation in the process of manufacture. In the present appeal, the assessee's claim is that, when the fire struck the factory, the inputs were being processed a .....

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..... were, both, destroyed in the fire and no finished product resulted from the process in which the subject inputs were utilised. In the circumstances, it cannot be held that the inputs in question were utilised in the process of manufacture of "finished goods". The credit in question was rightly denied. In the result, the appeal gets dismissed. (Order dictated and pronounced in open Court) - .....

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