https://www.taxtmi.com/caselaws?id=243757 The Appellate Tribunal CESTAT MUMBAI rejected the Revenue's appeal regarding the reversal of CENVAT credit on inputs written off in the Books of Accounts. The Tribunal upheld the decision of the Commissioner (Appeals), emphasizing that as long as the inputs were still present in the factory premises, the credit availed on those inputs did not need to be reversed, even if they were previously declared obsolete. The closure of the factory did not alter this conclusion, leading to the rejection of the Revenue's appeal. en-us Wed, 27 Nov 2013 00:00:00 +0530 Mon, 10 Feb 2014 07:53:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243757 The Appellate Tribunal CESTAT MUMBAI rejected the Revenue's appeal regarding the reversal of CENVAT credit on inputs written off in the Books of Accounts. The Tribunal upheld the decision of the Commissioner (Appeals), emphasizing that as long as the inputs were still present in the factory premises, the credit availed on those inputs did not need to be reversed, even if they were previously declared obsolete. The closure of the factory did not alter this conclusion, leading to the rejection of the Revenue's appeal. Case-Laws Central Excise Wed, 27 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243757