https://www.taxtmi.com/caselaws?id=149924 Cenvat credit validly taken on inputs received in factory does not become reversible merely because the inputs or manufactured goods are destroyed in fire, absent a specific statutory requirement for reversal. The absence of one-to-one co-relation between inputs and final products does not defeat credit, and remission provisions for destroyed goods do not create a separate reversal obligation; the principle of indefeasible credit applies where no insurance compensation was received. The Tribunal was also held to have passed a speaking order because reasons supported its conclusion. en-us Wed, 12 May 2010 00:00:00 +0530 Tue, 07 Oct 2014 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=149924 Cenvat credit validly taken on inputs received in factory does not become reversible merely because the inputs or manufactured goods are destroyed in fire, absent a specific statutory requirement for reversal. The absence of one-to-one co-relation between inputs and final products does not defeat credit, and remission provisions for destroyed goods do not create a separate reversal obligation; the principle of indefeasible credit applies where no insurance compensation was received. The Tribunal was also held to have passed a speaking order because reasons supported its conclusion. Case-Laws Central Excise Wed, 12 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=149924