Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2018 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (3) TMI 247 - AT - Central ExciseScope of SCN - CENVAT credit - inputs used in work in progress goods damaged/ destroyed in fire, flood etc. - Held that: - the issue of admissibility of Cenvat credit on inputs used in work in progress goods damaged/ destroyed in fire, flood etc. is covered by the judgment in the case of VFC industries [2016 (9) TMI 1020 - CESTAT AHMEDABAD], where it was held that the credit involved on the inputs lying in stock and destroyed in the fire before being put to use could not be allowed to the Appellant and the same is required to be paid back/reversed. As far as demand relating to credit availed on capital goods, damaged during flood, the same is not removed from the factory premises; also, the insurance company compensated for damage of the said capital goods cannot be a valid ground for reversal of the credit. Appeal allowed - decided in favor of appellant.
|