https://www.taxtmi.com/caselaws?id=119011 Cenvat credit on inputs used to manufacture medicines destroyed after remission of duty is treated as inadmissible because the finished goods do not suffer duty. Retention of such credit would effectively confer an unintended refund benefit. Input credit must therefore be reversed and is recoverable where final products become unfit for human consumption and are destroyed. The extended limitation period applies where the assessee knew the goods were unfit and failed to reverse credit at destruction. The credit demand consequently attracts interest and penalty. en-us Tue, 17 Jan 2006 00:00:00 +0530 Sat, 07 Jul 2012 13:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119011 Cenvat credit on inputs used to manufacture medicines destroyed after remission of duty is treated as inadmissible because the finished goods do not suffer duty. Retention of such credit would effectively confer an unintended refund benefit. Input credit must therefore be reversed and is recoverable where final products become unfit for human consumption and are destroyed. The extended limitation period applies where the assessee knew the goods were unfit and failed to reverse credit at destruction. The credit demand consequently attracts interest and penalty. Case-Laws Central Excise Tue, 17 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119011