Home Case Index All Cases Central Excise Central Excise + HC Central Excise - 2010 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (2) TMI 72 - HC - Central ExciseCenvat Credit on Inputs used in goods destroyed in fire - The Revenue has impugned the order (Annexure A-3) passed by the Customs, Excise and Service Tax Tribunal (for short 'the Tribunal') vide which the appeal filed by the Department was dismissed and the respondents was held entitled to claim Cenvat credit on the finished/semifinished goods which were destroyed in a fire – held that - we are of the considered opinion that claim of Cenvat credit on the inputs, used in the manufacture of final product and which were destroyed in the fire, could be availed of by the manufacturer. However, in case of settlement with regard to the amount of Cenvat credit received by the manufacturer, then they shall remit the same back to the Department within a period of three months from the date of settlement with the insurance company
|