https://www.taxtmi.com/caselaws?id=351515 Mere creation of a provision for obsolescence or write-off of inputs in the books does not justify reversal or recovery of Cenvat credit where the goods remained in inventory and were later used in manufacture. The recovery mechanism under Rule 3(5B) for credit attributable to written-off inputs applied only from 01.03.2013, and the period in dispute predated that amendment. On that basis, and following earlier decisions, the demand for credit, interest and penalties was held unsustainable and the appeal was allowed. en-us Fri, 17 Nov 2017 00:00:00 +0530 Thu, 14 Dec 2017 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351515 Mere creation of a provision for obsolescence or write-off of inputs in the books does not justify reversal or recovery of Cenvat credit where the goods remained in inventory and were later used in manufacture. The recovery mechanism under Rule 3(5B) for credit attributable to written-off inputs applied only from 01.03.2013, and the period in dispute predated that amendment. On that basis, and following earlier decisions, the demand for credit, interest and penalties was held unsustainable and the appeal was allowed. Case-Laws Central Excise Fri, 17 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351515