https://www.taxtmi.com/forum/issue?id=5257 CENVAT credit on inputs must be reversed when duty on the final product is remitted; input services and capital goods are not required to be reversed under that provision. Commentators affirm departmental guidance requiring reversal in such circumstances and argue that inputs destroyed by fire, not having been used in manufacture, justify reversal to avoid cascading. The treatment where insurance pays the excise component was queried but not resolved in the discussion. en-us Wed, 30 Jan 2013 15:43:48 +0530 Thu, 23 Jan 2025 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5257 CENVAT credit on inputs must be reversed when duty on the final product is remitted; input services and capital goods are not required to be reversed under that provision. Commentators affirm departmental guidance requiring reversal in such circumstances and argue that inputs destroyed by fire, not having been used in manufacture, justify reversal to avoid cascading. The treatment where insurance pays the excise component was queried but not resolved in the discussion. Discussion-Forum Central Excise Wed, 30 Jan 2013 15:43:48 +0530 https://www.taxtmi.com/forum/issue?id=5257