https://www.taxtmi.com/caselaws?id=208894 The Tribunal found the demands for recovery of CENVAT credit on capital goods destroyed in a flood to be unsustainable. It held that there was no provision for credit reversal in cases of natural calamities and that the insurance claim received should not be equated to the value of the goods. The Tribunal set aside the lower authorities' decisions, allowed the appeal, and provided consequential relief, disposing of the stay application accordingly. en-us Mon, 10 Oct 2011 00:00:00 +0530 Wed, 15 May 2013 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208894 The Tribunal found the demands for recovery of CENVAT credit on capital goods destroyed in a flood to be unsustainable. It held that there was no provision for credit reversal in cases of natural calamities and that the insurance claim received should not be equated to the value of the goods. The Tribunal set aside the lower authorities' decisions, allowed the appeal, and provided consequential relief, disposing of the stay application accordingly. Case-Laws Central Excise Mon, 10 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208894