https://www.taxtmi.com/caselaws?id=253387 Cenvat credit validly taken on inputs issued for manufacture did not have to be reversed merely because the resulting work-in-progress was destroyed in an accidental fire. The credit rules did not require reversal simply because semi-finished goods were lost before completion, and the later insertion of Rule 3(5C) of the Cenvat Credit Rules, 2004 did not apply absent remission of duty under Rule 21 of the Central Excise Rules, 2002. On those facts, the assessee was not required to reverse the credit. en-us Wed, 11 Dec 2013 00:00:00 +0530 Sat, 22 Nov 2014 11:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253387 Cenvat credit validly taken on inputs issued for manufacture did not have to be reversed merely because the resulting work-in-progress was destroyed in an accidental fire. The credit rules did not require reversal simply because semi-finished goods were lost before completion, and the later insertion of Rule 3(5C) of the Cenvat Credit Rules, 2004 did not apply absent remission of duty under Rule 21 of the Central Excise Rules, 2002. On those facts, the assessee was not required to reverse the credit. Case-Laws Central Excise Wed, 11 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253387