CENVAT Credit Not Reversible for Raw Materials Lost in Fire Before Becoming Finished Goods, Per Rule 21.

CENVAT Credit Not Reversible for Raw Materials Lost in Fire Before Becoming Finished Goods, Per Rule 21. https://www.taxtmi.com/highlights?id=35176 CENVAT credit - destruction of raw materials and semi-finished goods by fire - the input or semi-finished goods did not reach the stage of finished goods and the input/semi-finished goods destroyed - the provision of reversal of CENVAT Credit, which is with reference to Rule 21 in respect of finished goods is not applicable. - AT en-us Wed, 07 Jun 2017 12:46:44 +0530 Wed, 07 Jun 2017 12:46:44 +0530 TaxTMI RSS Generator CENVAT Credit Not Reversible for Raw Materials Lost in Fire Before Becoming Finished Goods, Per Rule 21. https://www.taxtmi.com/highlights?id=35176 CENVAT credit - destruction of raw materials and semi-finished goods by fire - the input or semi-finished goods did not reach the stage of finished goods and the input/semi-finished goods destroyed - the provision of reversal of CENVAT Credit, which is with reference to Rule 21 in respect of finished goods is not applicable. - AT Highlights Central Excise Wed, 07 Jun 2017 12:46:44 +0530 https://www.taxtmi.com/highlights?id=35176