https://www.taxtmi.com/caselaws?id=331458 Where finished goods are destroyed by fire and remission of duty is granted, the applicable excise remission rules do not, by themselves, require reversal of Cenvat credit taken on inputs used in those goods. The contrary view was rejected, and the demand based on non-reversal was treated as unsustainable. The demand was also held time-barred under Section 11A(1) of the Central Excise Act, as the record did not show when the credit had been taken and the demand was raised beyond the normal one-year period. The lower authority's order was set aside and the assessee obtained consequential relief. en-us Thu, 18 Aug 2016 00:00:00 +0530 Tue, 23 Aug 2016 16:09:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331458 Where finished goods are destroyed by fire and remission of duty is granted, the applicable excise remission rules do not, by themselves, require reversal of Cenvat credit taken on inputs used in those goods. The contrary view was rejected, and the demand based on non-reversal was treated as unsustainable. The demand was also held time-barred under Section 11A(1) of the Central Excise Act, as the record did not show when the credit had been taken and the demand was raised beyond the normal one-year period. The lower authority's order was set aside and the assessee obtained consequential relief. Case-Laws Central Excise Thu, 18 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331458