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Secure Meters Ltd. Unit-I Versus CCE & ST Chandigarh-l

Whether the excise duty is payable on semi finished goods which was destroyed in the fire broke out in the factory of the appellant or not? - Held that: - Similar issue came up before this Tribunal in the case of M/s Steelbird Hi Tech India Ltd Versus CCE. Delhi-II [2015 (4)602 - CESTAT NEW DELHI] wherein it was held that appellant has taken Cenvat Credit correctly and there is also no provision in the Cenvat Credit Rules to reverse proportionately Cenvat Credit on capital goods which was lost i .....

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whether the excise duty is payable on semi finished goods which was destroyed in the fire broke out in the factory of the appellant or not? 2. Heard the parties and considered considered the submissions. 3. In Similar issue came up before this Tribunal in the case of Steelbird Hi Tech India Ltd.- 2015 (322) ELT 752 (Tri. Del.) wherein the facts of the case are as under: 2. The facts of the case are that on 24.11.2002, fire broke out in the factory of the appellant and certain inputs, semi finis .....

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efore me. Wherein this Tribunal has examined the issue and observed as under: 7. In this case the following isuses are required to be decided. (a) Whether the appellant is entitled to claim remission of duty on finished goods destroyed in fire or consequently required to pay duty on the value of finished goods or required to reverse the cenvat credit on inputs contained in the finished goods? (b) Whether the appellant is entitled to claim remission of duty on semi finished goods/unfinished goods .....

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