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2012 (12) TMI 264 - AT - Central ExciseCenvat credit demand along with interest and penalty - Cenvat credit - inputs in process destroyed in fire – Held that:- If the WIP has reached the stage, when it can be considered as manufactured goods, in that case, the same treatment as applicable to finished goods - if the activity carried out on the WIP goods cannot be considered as amounting to manufacture, in that case, the said goods should be considered as input and the treatment for reversal of credit applicable to input would be applicable - no dispute about the fact that the insurance claim received by the appellant in respect of loss of the work-in-process inputs does not include the element of Central Excise duty - Cenvat credit demand along with interest and penalty set aside
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