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2018 (3) TMI 12 - CESTAT AHMEDABADCENVAT credit - inputs on which credit taken was written off - whether the appellant are required to reverse the credit availed on inputs alleged to have been written off in their books of accounts in accordance with Rule 3(5B) of CCR 2004? - Held that: - there is no evidence to the effect that the inputs whose value had been written down had been removed from the factory. Thus, reducing the value of the raw materials keeping in view the accounting principles and income tax benefit, if any, it cannot be construed that the value of the inputs are written off from the books of account and are not usable resulting into invoking of Rule 3(5B) of CCR 2004 - appeal allowed - decided in favor of appellant.
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