Recently fire accident occurred in our plant.

[Nitin Sonwane]

Sir,

Now my question is.

What is the producer in the fire accident in our plant, fire loss is excise able finish goods.

and you also please advice me for what is the time limit of said reversal.

Please reply

Thanking you.

Nitin Sonwane

AI Summary

Fire Accident Raises Questions on Excisability, Reversal Time Limits, and Remission Under Central Excise Rules A fire accident at a plant led to a query about the excisability of destroyed goods and the time limit for reversal. One response suggested no reversal was needed, while another advised referring to the CBEC Manual for remission of duty. It was noted that if remission is sought under Central Excise Rules, the CENVAT credit on inputs must be reversed. Additionally, a legal precedent was mentioned where the Supreme Court upheld the requirement for the assessee to prove that a fire was due to unavoidable natural causes, as per a ruling by the Allahabad High Court.