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    <title>2007 (3) TMI 47 - CESTAT,NEW DELHI</title>
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    <description>The Tribunal allowed the appeals by way of remand, directing reconsideration of refund claims in light of legal principles and recent Tribunal decisions. The decision emphasized the admissibility of Cenvat credit on inputs used in destroyed goods and the duty element in compensation received from insurance companies. The Commissioner (Appeals) was instructed to reassess the matter in accordance with the Tribunal&#039;s ruling in Grasim Industries v. CCE, Indore, highlighting the invalidity of the circular dated 1-10-2004 and the impact on previous decisions.</description>
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      <link>https://www.taxtmi.com/caselaws?id=1482</link>
      <description>The Tribunal allowed the appeals by way of remand, directing reconsideration of refund claims in light of legal principles and recent Tribunal decisions. The decision emphasized the admissibility of Cenvat credit on inputs used in destroyed goods and the duty element in compensation received from insurance companies. The Commissioner (Appeals) was instructed to reassess the matter in accordance with the Tribunal&#039;s ruling in Grasim Industries v. CCE, Indore, highlighting the invalidity of the circular dated 1-10-2004 and the impact on previous decisions.</description>
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