https://www.taxtmi.com/caselaws?id=334383 Rule 3(5B) of the Cenvat Credit Rules, 2004 applies only when the value of inputs or goods is fully or partly written off in the books of account, or a provision for such write-off is made. As the iron ore pellets and fines were not written off and were still lying in the factory premises, the statutory condition for reversal of Cenvat credit was not met. The alleged treatment as waste did not, on these facts, justify reversal of credit. Rule 3(5B) was therefore not attracted and the Revenue's appeal failed. en-us Wed, 22 Jun 2016 00:00:00 +0530 Wed, 04 Jan 2017 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334383 Rule 3(5B) of the Cenvat Credit Rules, 2004 applies only when the value of inputs or goods is fully or partly written off in the books of account, or a provision for such write-off is made. As the iron ore pellets and fines were not written off and were still lying in the factory premises, the statutory condition for reversal of Cenvat credit was not met. The alleged treatment as waste did not, on these facts, justify reversal of credit. Rule 3(5B) was therefore not attracted and the Revenue's appeal failed. Case-Laws Central Excise Wed, 22 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334383