https://www.taxtmi.com/caselaws?id=348617 The appeal was allowed, setting aside the impugned order demanding the reversal of cenvat credit on inputs used in work in progress lost due to fire. The presiding member held that Rule 5B does not apply to work in progress and cited precedents granting remission of duty for goods lost due to natural causes. As the appellant had not written off the value of work in progress, Rule 3(5B) was deemed inapplicable, leading to the conclusion that the demand for credit reversal was not legally sustainable. Consequential relief was granted to the appellant. en-us Tue, 19 Sep 2017 00:00:00 +0530 Sat, 14 Oct 2017 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348617 The appeal was allowed, setting aside the impugned order demanding the reversal of cenvat credit on inputs used in work in progress lost due to fire. The presiding member held that Rule 5B does not apply to work in progress and cited precedents granting remission of duty for goods lost due to natural causes. As the appellant had not written off the value of work in progress, Rule 3(5B) was deemed inapplicable, leading to the conclusion that the demand for credit reversal was not legally sustainable. Consequential relief was granted to the appellant. Case-Laws Central Excise Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348617