https://www.taxtmi.com/caselaws?id=497 Cenvat credit on inputs used in finished goods destroyed by fire need not be reversed where remission of duty has already been granted on the damaged goods. The applicable Board Circular for the relevant period supported retention of the credit, because it clarified that destruction or damage of finished goods in fire does not require reversal of input credit. The departmental circular relied on was from a later period and did not govern the dispute. The denial of Cenvat credit was therefore unsustainable, and the assessee was entitled to retain the credit. en-us Wed, 22 Feb 2006 00:00:00 +0530 Sun, 13 Apr 2008 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=497 Cenvat credit on inputs used in finished goods destroyed by fire need not be reversed where remission of duty has already been granted on the damaged goods. The applicable Board Circular for the relevant period supported retention of the credit, because it clarified that destruction or damage of finished goods in fire does not require reversal of input credit. The departmental circular relied on was from a later period and did not govern the dispute. The denial of Cenvat credit was therefore unsustainable, and the assessee was entitled to retain the credit. Case-Laws Central Excise Wed, 22 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=497