https://www.taxtmi.com/caselaws?id=246513 The case focused on the reversal of CENVAT credit on inputs partially written off the books of accounts. The appellant successfully argued that Rule 3(5B) of the CENVAT Credit Rules, 2004, did not mandate reversal for partial write-offs before the 2011 amendment. The Tribunal held that manufacturers were not required to reverse any part of the CENVAT credit for inputs partially written off before 01/03/2011. The impugned order was set aside, and the appeal was allowed, clarifying the interpretation of the rule and emphasizing the non-retrospective effect of the amendment. en-us Fri, 13 Jul 2012 00:00:00 +0530 Wed, 01 Jan 2014 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246513 The case focused on the reversal of CENVAT credit on inputs partially written off the books of accounts. The appellant successfully argued that Rule 3(5B) of the CENVAT Credit Rules, 2004, did not mandate reversal for partial write-offs before the 2011 amendment. The Tribunal held that manufacturers were not required to reverse any part of the CENVAT credit for inputs partially written off before 01/03/2011. The impugned order was set aside, and the appeal was allowed, clarifying the interpretation of the rule and emphasizing the non-retrospective effect of the amendment. Case-Laws Central Excise Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246513