TMI Blog2011 (4) TMI 1068X X X X Extracts X X X X X X X X Extracts X X X X ..... ss – Held that:- Commissioner has observed that the instruction issued in the circular no. 650/41/2002/CX dated 7.8.2002 provides that CENVAT credit on duty paid on inputs contained in finished product would be admissible but before granting remission, it should be ensured that the insurance amount claimed by the assessee does not include the duty element of inputs used in the manufacture of said ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 006 and filed another application on 7.4.2008 requesting for remission of duty in respect of work in progress. As regard finished goods, in the impugned order, the ld. Commissioner has held that the damaged finished goods were cleared at salvaged value and since the goods were cleared on payment of duty, question of remission does not arise. As regards the second application relating to work in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appellant that the appeal has been filed only because of these observations out of abundant caution. In this para, the Commissioner has observed that the instruction issued in the circular no. 650/41/2002/CX dated 7.8.2002 provides that CENVAT credit on duty paid on inputs contained in finished product would be admissible but before granting remission, it should be ensured that the insurance am ..... X X X X Extracts X X X X X X X X Extracts X X X X
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