https://www.taxtmi.com/caselaws?id=337217 The appeal was allowed as the appellant was not required to reverse the Cenvat Credit on certain inputs treated as waste in their records. The Tribunal held that Rule 3(5B) of the Cenvat Credit Rules, 2004 did not apply since the inputs remained in the factory and were not cleared, despite being shown as scrap with reduced value. The Tribunal distinguished previous judgments and emphasized that credit denial is warranted only under specific circumstances, none of which were present in this case. The appellant successfully argued against the credit reversal, leading to the impugned order being set aside. en-us Fri, 04 Nov 2016 00:00:00 +0530 Thu, 16 Nov 2017 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337217 The appeal was allowed as the appellant was not required to reverse the Cenvat Credit on certain inputs treated as waste in their records. The Tribunal held that Rule 3(5B) of the Cenvat Credit Rules, 2004 did not apply since the inputs remained in the factory and were not cleared, despite being shown as scrap with reduced value. The Tribunal distinguished previous judgments and emphasized that credit denial is warranted only under specific circumstances, none of which were present in this case. The appellant successfully argued against the credit reversal, leading to the impugned order being set aside. Case-Laws Central Excise Fri, 04 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337217