https://www.taxtmi.com/caselaws?id=331153 The Tribunal allowed the appeal, setting aside the Order-in-Original that disallowed credit on goods written off as obsolete items. The Tribunal held that as the goods were physically present and accounted for as scrap inventory before the rule mandating credit reversal for such goods was introduced, the appellant's case aligned with previous judgments allowing credit for written-off goods. Consequently, the Tribunal found merit in the appellant's argument, granting relief and overturning the department's decision to disallow the credit and impose penalties. en-us Wed, 13 Jan 2016 00:00:00 +0530 Sat, 13 Aug 2016 13:33:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331153 The Tribunal allowed the appeal, setting aside the Order-in-Original that disallowed credit on goods written off as obsolete items. The Tribunal held that as the goods were physically present and accounted for as scrap inventory before the rule mandating credit reversal for such goods was introduced, the appellant's case aligned with previous judgments allowing credit for written-off goods. Consequently, the Tribunal found merit in the appellant's argument, granting relief and overturning the department's decision to disallow the credit and impose penalties. Case-Laws Central Excise Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331153