https://www.taxtmi.com/forum/issue?id=110131 Excise duty already paid on goods cleared from a factory need not be reversed when the goods are damaged in transit; such duty-paid goods can be returned to any factory for repair and the duty paid may be taken as credit by the receiving factory. If the machinery is irreparable and scrapped, duty must be paid on the transaction value of the scrap, and the duty on damaged goods cannot be adjusted against a new replacement machine, which will attract fresh duty. Insurance recovery for value and duty is a possible option if coverage exists. en-us Sun, 03 Apr 2016 12:56:08 +0530 Thu, 23 Jan 2025 15:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110131 Excise duty already paid on goods cleared from a factory need not be reversed when the goods are damaged in transit; such duty-paid goods can be returned to any factory for repair and the duty paid may be taken as credit by the receiving factory. If the machinery is irreparable and scrapped, duty must be paid on the transaction value of the scrap, and the duty on damaged goods cannot be adjusted against a new replacement machine, which will attract fresh duty. Insurance recovery for value and duty is a possible option if coverage exists. Discussion-Forum Central Excise Sun, 03 Apr 2016 12:56:08 +0530 https://www.taxtmi.com/forum/issue?id=110131