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2015 (10) TMI 1193 - AT - Central ExciseReversal of CENVAT Credit - whether the appellant is liable to reverse the cenvat credit of duty availed on the inputs which were issued for manufacture of the final product but got destroyed in fire, during the course of manufacture of the final product, before reaching the final stage i.e. as work in progress - Held that:- The law is no more res integra and identical situation was considered by the Hon'ble Madras High Court in the case of Commissioner of Central Excise, Chennai-IV Vs. Fenner India Ltd. [2014 (11) TMI 704 - MADRAS HIGH COURT] and it was held that there is no requirement of reversal of cenvat credit in respect of inputs destroyed as contained in work in progress, even after the amendment of the law w.e.f. 07.09.2007, inasmuch as the subject amendment pertains to only inputs as contained in final products, destroyed in fire - Impugned order is set aside - Decided in favour of assessee.
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