Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2016 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (8) TMI 842 - AT - Central ExciseReversal of input credit - inputs used in the manufacture of finished goods - destroyed in fire - Held that:- in view of the decision of larger bench in the case of Grasim Industries vs.-Commr. Of Central Excise, Indore [2006 (8) TMI 69 - CESTAT,NEW DELHI] wherein it was held that in respect of goods which were lost or destroyed by natural cause or by natural accident, does not provide any condition regarding reversal of credit taken in respect of inputs used on such goods, the First Appellate Authority was not correct in holding that cenvat credit with respect to inputs used in the manufacture of finished goods, destroyed in fire, is required to be reversed. - Decided in favour of appellant with consequential relief
|