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2013 (2) TMI 545 - AT - Central ExciseWaiver of Pre-deposit - CENVAT credit on inputs written off fully or partially - Rule 3(5B) of CENVAT Credit Rules - Held that:- Making provision in the manner the assessee as done appears to be a first step towards write off of slow moving items and that the step appears to be reversible due to fresh order. The excess inventory noticed at a particular point of time could be tackled by lowering the procurement. Substantial quantities which were moved into the reserve category for which provisions were made were dereserved in the subsequent months. Therefore, prima facie, we cannot treat the inputs and the value of inputs as written off in the books of accounts. Waive pre-deposit - Stay granted
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