<h1>Excise Duty Remission: Rule 21 Waives Duty on Lost Goods; Rule 3 Sub-Rule 5C Requires Cenvat Credit Reversal.</h1> The remission of excise duty refers to the waiver or cancellation of excise duty on goods lost or destroyed due to natural causes, unavoidable accidents, or if deemed unfit for consumption before removal, as per Rule 21 of the Central Excise Rules, 2002. Previously, there were conflicting views regarding Cenvat provisions in such cases. However, the addition of sub-rule 5C to Rule 3 of the Cenvat Credit Rules, 2004, clarifies that if duty is remitted, the Cenvat credit on inputs used for manufacturing these goods must be reversed.