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2018 (8) TMI 80 - CESTAT MUMBAIReversal of CENVAT Credit - Capital goods destroyed by fire - Rule 3(5C) of the CENVAT Credit Rules, 2004 - Held that:- The rule reveals that CENVAT credit used in the manufacture of the finished goods is required to be reversed on remission of the duty allowed on the finished goods destroyed in fire - In the present case, demand is confirmed for recovery of credit on capital goods, on destruction of the said capital goods in fire, inside the factory, which is not prescribed under the said provisions - demand not sustainable - appeal allowed - decided in favor of appellant.
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