https://www.taxtmi.com/forum/issue?id=107821 Remission of excise duty is available for goods lost or destroyed by natural causes or an unavoidable accident, subject to the assessee proving the incident was beyond its control with contemporaneous records; police and insurance findings are relevant but do not dispense with the assessee's onus. Cenvat credit taken on destroyed inputs or goods must be quantified and reversed under the Cenvat rules when remission is considered, and insurance settlements excluding excise elements do not bar remission but affect quantification. Interest may be payable if reversals are not effected by statutory returns. en-us Thu, 08 Jan 2015 13:05:25 +0530 Thu, 23 Jan 2025 15:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107821 Remission of excise duty is available for goods lost or destroyed by natural causes or an unavoidable accident, subject to the assessee proving the incident was beyond its control with contemporaneous records; police and insurance findings are relevant but do not dispense with the assessee's onus. Cenvat credit taken on destroyed inputs or goods must be quantified and reversed under the Cenvat rules when remission is considered, and insurance settlements excluding excise elements do not bar remission but affect quantification. Interest may be payable if reversals are not effected by statutory returns. Discussion-Forum Central Excise Thu, 08 Jan 2015 13:05:25 +0530 https://www.taxtmi.com/forum/issue?id=107821