https://www.taxtmi.com/caselaws?id=204240 Cenvat credit on inputs written off in the books could not be reversed merely because of the accounting write-off where the inputs remained in the factory and prior Tribunal rulings had already accepted retention of credit. The Tribunal held that Board circulars could not be used to displace settled judicial precedent on the issue. On that basis, the demand for reversal was unsustainable and the impugned order was set aside. en-us Tue, 10 Aug 2010 00:00:00 +0530 Wed, 01 Jun 2011 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204240 Cenvat credit on inputs written off in the books could not be reversed merely because of the accounting write-off where the inputs remained in the factory and prior Tribunal rulings had already accepted retention of credit. The Tribunal held that Board circulars could not be used to displace settled judicial precedent on the issue. On that basis, the demand for reversal was unsustainable and the impugned order was set aside. Case-Laws Central Excise Tue, 10 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204240