Court Rules Cenvat Credit Cannot Be Denied for Inputs in Final Products Destroyed by Fire; Demand and Penalty Overturned.

Court Rules Cenvat Credit Cannot Be Denied for Inputs in Final Products Destroyed by Fire; Demand and Penalty Overturned. https://www.taxtmi.com/highlights?id=30469 Cenvat credit availed on inputs and inputs contained in final products lost due to fire - correctness of denial of credit which are attributable to the credit on inputs which are already used in the manufacture of final products and such final products is lost in fire - Demand and penalty both set aside - AT en-us Mon, 25 Jul 2016 11:56:26 +0530 Mon, 25 Jul 2016 11:56:26 +0530 TaxTMI RSS Generator Court Rules Cenvat Credit Cannot Be Denied for Inputs in Final Products Destroyed by Fire; Demand and Penalty Overturned. https://www.taxtmi.com/highlights?id=30469 Cenvat credit availed on inputs and inputs contained in final products lost due to fire - correctness of denial of credit which are attributable to the credit on inputs which are already used in the manufacture of final products and such final products is lost in fire - Demand and penalty both set aside - AT Highlights Central Excise Mon, 25 Jul 2016 11:56:26 +0530 https://www.taxtmi.com/highlights?id=30469