https://www.taxtmi.com/caselaws?id=4121 Remission of duty on final products destroyed in fire is not equivalent to an exemption, so the goods do not become exempted goods merely because duty has been remitted. Where the competent authority has already granted remission, reversal of Modvat/Cenvat credit on inputs used in those destroyed goods cannot be insisted upon as a condition for denying remission or demanding duty. On that principle, the demand raised solely for non-reversal of input credit was held unsustainable, and the assessee's position was upheld. en-us Wed, 19 Dec 2007 00:00:00 +0530 Thu, 22 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4121 Remission of duty on final products destroyed in fire is not equivalent to an exemption, so the goods do not become exempted goods merely because duty has been remitted. Where the competent authority has already granted remission, reversal of Modvat/Cenvat credit on inputs used in those destroyed goods cannot be insisted upon as a condition for denying remission or demanding duty. On that principle, the demand raised solely for non-reversal of input credit was held unsustainable, and the assessee's position was upheld. Case-Laws Central Excise Wed, 19 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4121