https://www.taxtmi.com/caselaws?id=343993 Cenvat credit was not required to be reversed where inputs were only partly provided for as obsolete in the books, remained in inventory, and were later used in manufacture. The tribunal noted that the specific write-off rule, Rule 3(5B), came into force only from 01.03.2011, and the recovery mechanism for such cases was introduced later by Notification No. 3/2013-CE (N.T.) dated 01.03.2013. For the period before those amendments, and following the cited precedent, reversal of credit was not warranted. The demand for reversal and recovery was therefore set aside. en-us Wed, 26 Apr 2017 00:00:00 +0530 Tue, 06 Jun 2017 07:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343993 Cenvat credit was not required to be reversed where inputs were only partly provided for as obsolete in the books, remained in inventory, and were later used in manufacture. The tribunal noted that the specific write-off rule, Rule 3(5B), came into force only from 01.03.2011, and the recovery mechanism for such cases was introduced later by Notification No. 3/2013-CE (N.T.) dated 01.03.2013. For the period before those amendments, and following the cited precedent, reversal of credit was not warranted. The demand for reversal and recovery was therefore set aside. Case-Laws Central Excise Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343993