https://www.taxtmi.com/caselaws?id=210515 The Appellate Tribunal CESTAT, Ahmedabad, ruled in a case involving a company facing duty demands on insurance claims for damaged or destroyed input and capital goods. The Tribunal found the duty demand on excess premium refund unjustified due to lack of legal clarity. It dismissed the duty demand on insurance claims related to capital goods breakdown, citing insufficient evidence and non-compliance with CENVAT Credit Rules. Emphasizing the need for concrete evidence, the Tribunal set aside the duty demands, allowing the company's appeal and highlighting compliance requirements before imposing duties based on insurance claims regarding capital goods. en-us Fri, 14 Oct 2011 00:00:00 +0530 Mon, 27 Aug 2012 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210515 The Appellate Tribunal CESTAT, Ahmedabad, ruled in a case involving a company facing duty demands on insurance claims for damaged or destroyed input and capital goods. The Tribunal found the duty demand on excess premium refund unjustified due to lack of legal clarity. It dismissed the duty demand on insurance claims related to capital goods breakdown, citing insufficient evidence and non-compliance with CENVAT Credit Rules. Emphasizing the need for concrete evidence, the Tribunal set aside the duty demands, allowing the company's appeal and highlighting compliance requirements before imposing duties based on insurance claims regarding capital goods. Case-Laws Central Excise Fri, 14 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210515