Excisable goods theft from factory

[MITSUI PRIME ADVANCED]

Dear Sir,

Pl. advice to us our Excisable goods theft from factory gate .

what is the process of Cenvat.

Pl. suggest to us your valuable advice.

Thanks and Regards

Arjun sachdeva

AI Summary

Remission of duty: Commissioner may remit duty on lost or destroyed goods; reverse CENVAT if insurance compensation received.
Remission of duty is available when excisable goods are lost, destroyed or unfit for sale before removal, subject to the Commissioner's discretion and conditions; supervisory levels vary with duty amount. If insurance compensation is received for lost or stolen goods, the manufacturer must reverse the CENVAT credit claimed on inputs used in manufacturing the finished goods.