https://www.taxtmi.com/caselaws?id=475 Cenvat credit on inputs sent for job work cannot be denied merely because the finished or semi-finished goods were destroyed in a fire and remission of duty was granted on those goods. Where the inputs were issued for manufacture and the factual destruction of the goods is undisputed, the controlling principle is that credit need not be reversed in these circumstances. The approved view referred to in the text treats remission of duty on the destroyed goods as not affecting admissibility of the input credit. The credit was therefore treated as admissible and reversal was not warranted. en-us Wed, 03 May 2006 00:00:00 +0530 Sun, 13 Apr 2008 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=475 Cenvat credit on inputs sent for job work cannot be denied merely because the finished or semi-finished goods were destroyed in a fire and remission of duty was granted on those goods. Where the inputs were issued for manufacture and the factual destruction of the goods is undisputed, the controlling principle is that credit need not be reversed in these circumstances. The approved view referred to in the text treats remission of duty on the destroyed goods as not affecting admissibility of the input credit. The credit was therefore treated as admissible and reversal was not warranted. Case-Laws Central Excise Wed, 03 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=475