https://www.taxtmi.com/caselaws?id=3958 The Tribunal upheld the Commissioner (Appeals) ruling and dismissed the Department's appeal regarding transit losses and Cenvat credit reversal. It was determined that transit loss condonation does not necessitate duty credit reversal, as it does not amount to duty exemption or remission. The judgment emphasized the specific provisions under Central Excise Rules and Board Circulars governing such situations, concluding that no reversal of Cenvat credit was justified for transit losses in transporting petroleum products. en-us Mon, 10 Dec 2007 00:00:00 +0530 Tue, 13 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3958 The Tribunal upheld the Commissioner (Appeals) ruling and dismissed the Department's appeal regarding transit losses and Cenvat credit reversal. It was determined that transit loss condonation does not necessitate duty credit reversal, as it does not amount to duty exemption or remission. The judgment emphasized the specific provisions under Central Excise Rules and Board Circulars governing such situations, concluding that no reversal of Cenvat credit was justified for transit losses in transporting petroleum products. Case-Laws Central Excise Mon, 10 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3958