https://www.taxtmi.com/caselaws?id=189027 The Tribunal allowed the appeal, ruling in favor of the appellant. It held that Central Excise duty cannot be levied on semi-finished goods destroyed in a fire accident as they were not removed from the factory. The appellant's reversal of cenvat credit was deemed unnecessary, and no interest was payable for the delayed reversal. The Tribunal found that Rule 21 may not apply to semi-finished goods and that the appellant was entitled to remission under the circumstances. The matter was remanded to the Original Authority for verification of the insurance claim settlement amount for further clarity. en-us Fri, 03 Jul 2015 00:00:00 +0530 Mon, 26 Dec 2016 10:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189027 The Tribunal allowed the appeal, ruling in favor of the appellant. It held that Central Excise duty cannot be levied on semi-finished goods destroyed in a fire accident as they were not removed from the factory. The appellant's reversal of cenvat credit was deemed unnecessary, and no interest was payable for the delayed reversal. The Tribunal found that Rule 21 may not apply to semi-finished goods and that the appellant was entitled to remission under the circumstances. The matter was remanded to the Original Authority for verification of the insurance claim settlement amount for further clarity. Case-Laws Central Excise Fri, 03 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189027