2006 (4) TMI 13

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..... s regarding reversal of modvat credit on the inputs utilized for manufacturing final products which were destroyed in fire in the factory of the appellants. On this issue there are two contrary views, have been taken by the Division Benches of Tribunal. 2. I find that in the case of Mafatlal Industries Limited v. CCE reported at 2003 (154) E.L.T. 543 (Tribunal) =2003 (57) RLT 578, the Division B .....

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..... iew. Since this matter is being referred to the Larger Bench, stay is granted to the appellants. 3. The issue which is referred to the Larger Bench is: - "When the inputs on which credit has been availed are used for the manufacture of final products, and if such final products are destroyed due to fire and such loss of finished goods has been adequately compensated by the Insurance (minus ex .....

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