https://www.taxtmi.com/caselaws?id=213289 The Tribunal dismissed the Appeal concerning the reversal of Cenvat credit for identified stores and lost items due to floods. It emphasized the requirement for payment equal to the credit availed upon removal of inputs or capital goods under Rule 3(5) of the CENVAT Credit Rules, 2004. Despite the insertion of sub-rules (5B) and (5C) into Rule 3, the Tribunal relied on past judgments recognizing benefits for written off goods, determining that the case fell within the scope of previous decisions. As no challenges were raised against these judgments, the Appeal was dismissed without costs awarded. en-us Tue, 07 Jun 2011 00:00:00 +0530 Tue, 17 Apr 2012 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213289 The Tribunal dismissed the Appeal concerning the reversal of Cenvat credit for identified stores and lost items due to floods. It emphasized the requirement for payment equal to the credit availed upon removal of inputs or capital goods under Rule 3(5) of the CENVAT Credit Rules, 2004. Despite the insertion of sub-rules (5B) and (5C) into Rule 3, the Tribunal relied on past judgments recognizing benefits for written off goods, determining that the case fell within the scope of previous decisions. As no challenges were raised against these judgments, the Appeal was dismissed without costs awarded. Case-Laws Central Excise Tue, 07 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213289