https://www.taxtmi.com/caselaws?id=235147 CENVAT credit on duty-paid inputs and capital goods lost in a fire remained admissible where the goods had already been used in manufacture and the insurer's certificate showed that the Modvat/CENVAT element was not included in the insurance claim. The mere filing of an insurance claim did not by itself make the credit inadmissible. The earlier precedent was distinguished because it involved inputs destroyed before being issued for manufacture, whereas here the goods had already entered the manufacturing process and the capital goods had been in use. The denial of credit was therefore unsustainable. en-us Thu, 31 Jan 2013 00:00:00 +0530 Sat, 13 Jul 2013 10:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235147 CENVAT credit on duty-paid inputs and capital goods lost in a fire remained admissible where the goods had already been used in manufacture and the insurer's certificate showed that the Modvat/CENVAT element was not included in the insurance claim. The mere filing of an insurance claim did not by itself make the credit inadmissible. The earlier precedent was distinguished because it involved inputs destroyed before being issued for manufacture, whereas here the goods had already entered the manufacturing process and the capital goods had been in use. The denial of credit was therefore unsustainable. Case-Laws Central Excise Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235147