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2010 (7) TMI 433 - GUJARAT HIGH COURT
Cenvat credit – capital goods – Goods destroyed in fire after being used for many years – Goods cannot be said as not used in manufacture of final product – assessee not required to reverse credit availed
Larger Bench of the Tribunal in the case of Grasim Industries v. C.C.E., Indore, (2006 -TMI - 1062 - CESTAT,NEW DELHI), held that the credit availed on inputs destroyed in fire was not required to be reversed and accordingly, set aside the demand on that count.