https://www.taxtmi.com/caselaws?id=245471 The Tribunal granted the Applicant a total waiver of pre-deposit of CENVAT Credit and penalty under Rule 15(2) of CENVAT Credit Rules, 2004. This decision was based on the finding that the inputs contained in the work-in-progress materials destroyed due to power failure were eligible for CENVAT Credit, following the precedent set by Arvind International Ltd.'s case. All dues were waived, and recovery was stayed during the appeal process. en-us Thu, 23 Jan 2014 00:00:00 +0530 Mon, 31 Mar 2014 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245471 The Tribunal granted the Applicant a total waiver of pre-deposit of CENVAT Credit and penalty under Rule 15(2) of CENVAT Credit Rules, 2004. This decision was based on the finding that the inputs contained in the work-in-progress materials destroyed due to power failure were eligible for CENVAT Credit, following the precedent set by Arvind International Ltd.'s case. All dues were waived, and recovery was stayed during the appeal process. Case-Laws Central Excise Thu, 23 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245471