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2014 (11) TMI 1040 - AT - Central ExciseCENVAT credit on inputs which lost in fire “as such” denied - Held that:- As per Rule 3(5B) of C.C.E which is reproduced here-in- under, the appellant is required to reverse the CENVAT credit on the inputs which have been written off in their books of accounts on account of fire or any other accidents. Therefore, hold that the appellant is required to reverse CENVAT credit on inputs which have been lost in fire “as such”. Further, as find in the claim of the appellant that certain inputs were not purchased by them against Central Excise invoices and they are not claiming CENVAT credit on them. This aspect has to be examined by the adjudicating authority hence, the matter; needs examination at the end of the adjudicating authority.
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