https://www.taxtmi.com/caselaws?id=261425 Remission of duty for goods destroyed by fire or another unavoidable accident does not amount to an exemption or clearance at nil rate under the excise rules. Where finished goods are lost, destroyed, or rendered unfit by natural cause or unavoidable accident, the inputs used in their manufacture are still treated as having been put to intended use, and no express statutory condition requires reversal of CENVAT credit merely because the finished goods were destroyed. The larger bench view accepting that reversal is not mandatory was followed, and the assessee is not liable to reverse input credit in such circumstances. en-us Thu, 11 Jun 2015 00:00:00 +0530 Thu, 01 Oct 2015 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261425 Remission of duty for goods destroyed by fire or another unavoidable accident does not amount to an exemption or clearance at nil rate under the excise rules. Where finished goods are lost, destroyed, or rendered unfit by natural cause or unavoidable accident, the inputs used in their manufacture are still treated as having been put to intended use, and no express statutory condition requires reversal of CENVAT credit merely because the finished goods were destroyed. The larger bench view accepting that reversal is not mandatory was followed, and the assessee is not liable to reverse input credit in such circumstances. Case-Laws Central Excise Thu, 11 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261425