https://www.taxtmi.com/caselaws?id=116918 Remission of duty on finished goods destroyed in fire must be considered first on satisfaction of the permissible extent of remission; only thereafter can recovery or reversal of Cenvat credit attributable to inputs used in the destroyed goods be directed. The circular does not require prior reversal of Cenvat credit as a condition precedent to deciding remission, and that interpretation was held incorrect. The order was set aside and the matter remanded for fresh consideration, with the authority first to determine the quantum of duty remittable and then to examine any consequential Cenvat credit recovery. en-us Wed, 04 Jan 2006 00:00:00 +0530 Mon, 18 Jun 2012 18:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116918 Remission of duty on finished goods destroyed in fire must be considered first on satisfaction of the permissible extent of remission; only thereafter can recovery or reversal of Cenvat credit attributable to inputs used in the destroyed goods be directed. The circular does not require prior reversal of Cenvat credit as a condition precedent to deciding remission, and that interpretation was held incorrect. The order was set aside and the matter remanded for fresh consideration, with the authority first to determine the quantum of duty remittable and then to examine any consequential Cenvat credit recovery. Case-Laws Central Excise Wed, 04 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116918