https://www.taxtmi.com/caselaws?id=325250 The Tribunal ruled in favor of the appellants, manufacturers of motor vehicles and parts, in a case concerning the recovery of Cenvat Credit on written-off goods. The decision was based on the interpretation of Rule 5(b) of the Cenvat Credit Rules, highlighting that the obligation to reverse credit arises only upon the removal of obsolete inputs from the factory premises. The Tribunal emphasized the distinction between physically present and absent goods on the premises, aligning its judgment with relevant case law and precedents. Consequently, the appeal was allowed, affirming the appellants' position on the recovery of Cenvat Credit. en-us Tue, 09 Feb 2016 00:00:00 +0530 Wed, 02 Nov 2016 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325250 The Tribunal ruled in favor of the appellants, manufacturers of motor vehicles and parts, in a case concerning the recovery of Cenvat Credit on written-off goods. The decision was based on the interpretation of Rule 5(b) of the Cenvat Credit Rules, highlighting that the obligation to reverse credit arises only upon the removal of obsolete inputs from the factory premises. The Tribunal emphasized the distinction between physically present and absent goods on the premises, aligning its judgment with relevant case law and precedents. Consequently, the appeal was allowed, affirming the appellants' position on the recovery of Cenvat Credit. Case-Laws Central Excise Tue, 09 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325250