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2016 (11) TMI 633 - AT - Central ExciseWhether the excise duty is payable on semi finished goods which was destroyed in the fire broke out in the factory of the appellant or not? - Held that: - Similar issue came up before this Tribunal in the case of M/s Steelbird Hi Tech India Ltd Versus CCE. Delhi-II [2015 (4) TMI 602 - CESTAT NEW DELHI] wherein it was held that appellant has taken Cenvat Credit correctly and there is also no provision in the Cenvat Credit Rules to reverse proportionately Cenvat Credit on capital goods which was lost in fire or were not used. The appellant is not required to pay duty on semi-finished circuit card raw assembly destroyed in fire broke out in their factory - appeal allowed.
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