Appellate Tribunal rules in favor of appellant on credit reversal for fire-destroyed goods.

The Appellate Tribunal CESTAT AHMEDABAD held that the Appellant is not obligated to reverse the credit on inputs used in producing semi-finished goods destroyed in a fire. The decision relied on Rule 21 of CER, 2002 and a Gujarat High Court precedent. The impugned order was overturned, and the Appeal was granted with consequential relief.

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The Appellate Tribunal CESTAT AHMEDABAD ruled that the Appellant is not required to reverse the credit availed on inputs used in the production of semi-finished goods destroyed in a fire. The decision was based on the applicability of Rule 21 of CER, 2002 and a previous judgment of the Hon'ble Gujarat High Court. The impugned order was set aside, and the Appeal was allowed with consequential relief.

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