Cenvat credit reversal required where bottle inputs are written off; remission allowed only subject to credit reversal. The earlier instruction allowing tolerance for bottle breakage is rescinded under the present CENVAT regime. Remission for goods lost or destroyed remains available but is conditional on mandatory reversal of CENVAT credit where inputs or final products are written off or destroyed; reliance on the obsolete tolerance instruction without reversing input credit is incorrect and revenue safeguards must be applied.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cenvat credit reversal required where bottle inputs are written off; remission allowed only subject to credit reversal.
The earlier instruction allowing tolerance for bottle breakage is rescinded under the present CENVAT regime. Remission for goods lost or destroyed remains available but is conditional on mandatory reversal of CENVAT credit where inputs or final products are written off or destroyed; reliance on the obsolete tolerance instruction without reversing input credit is incorrect and revenue safeguards must be applied.
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