https://www.taxtmi.com/caselaws?id=211615 The appeal for remission of duty on finished goods and work in progress damaged during floods in Mumbai was dismissed. The Commissioner ruled that remission does not apply to finished goods cleared at salvaged value and that Rule 21 of Central Excise Rules, 2002 does not allow remission for goods not yet finished and entered in the stock register. The appellant's concerns about the Commissioner's observations on the circular regarding CENVAT credit were noted, but the absence of evidence on record was highlighted. The appeal and stay application were both dismissed based on the Commissioner's decision aligning with the law and the lack of further departmental action since 2009. en-us Fri, 08 Apr 2011 00:00:00 +0530 Fri, 29 Aug 2014 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211615 The appeal for remission of duty on finished goods and work in progress damaged during floods in Mumbai was dismissed. The Commissioner ruled that remission does not apply to finished goods cleared at salvaged value and that Rule 21 of Central Excise Rules, 2002 does not allow remission for goods not yet finished and entered in the stock register. The appellant's concerns about the Commissioner's observations on the circular regarding CENVAT credit were noted, but the absence of evidence on record was highlighted. The appeal and stay application were both dismissed based on the Commissioner's decision aligning with the law and the lack of further departmental action since 2009. Case-Laws Central Excise Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211615