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2015 (4) TMI 651 - AT - Central ExciseDenial of CENVAT Credit - credit taken on capital goods and inputs contained in semi-finished goods/ work in progress, destroyed in a fire accident - Held that:- It is observed from the facts of the case available on record that certain capital goods, which were used for considerable period and inputs contained in the semi-finished goods/ work in progress were destroyed in a fire accident that happened on 03.02.2012 - In view of the settle legal proposition, demand of CENVAT credit taken with respect to capital goods in use and inputs contained in semi-finished goods/ work in progress are required to be set-aside. Following the ratio [2010 (7) TMI 433 - GUJARAT HIGH COURT], no demand of credit taken services used in installation of capital goods destroyed in fire, can sustain. - Decided in favour of assessee.
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