https://www.taxtmi.com/caselaws?id=240243 The court held that, based on the law at the time of the incident and the precedent set by Grasim Industries Ltd., the reversal of input duty credit was not mandatory for claiming remission of duty on goods destroyed in accidents. The judge emphasized that the provision requiring reversal of cenvat credit was introduced in the Cenvat Credit Rules in 2007 and did not have retrospective effect. Therefore, the court set aside the Commissioner's condition for reversing cenvat credit and allowed the appeal with consequential relief. en-us Wed, 07 Aug 2013 00:00:00 +0530 Tue, 22 Apr 2014 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240243 The court held that, based on the law at the time of the incident and the precedent set by Grasim Industries Ltd., the reversal of input duty credit was not mandatory for claiming remission of duty on goods destroyed in accidents. The judge emphasized that the provision requiring reversal of cenvat credit was introduced in the Cenvat Credit Rules in 2007 and did not have retrospective effect. Therefore, the court set aside the Commissioner's condition for reversing cenvat credit and allowed the appeal with consequential relief. Case-Laws Central Excise Wed, 07 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240243