https://www.taxtmi.com/caselaws?id=356309 The Tribunal set aside the order-in-appeal demanding the reversal of credit availed on inputs, ruling in favor of the appellant. The dispute centered on whether the appellant had written off inputs as required by Rule 3(5B) of the Cenvat Credit Rules, 2004. The Tribunal found that the appellant had only reduced the value of inputs in their books, not written them off entirely, and the inputs remained usable in their factory. As per the Tribunal, the reduction in value did not constitute writing off under the rule, leading to the allowance of the appeal. en-us Fri, 19 Jan 2018 00:00:00 +0530 Wed, 27 Jun 2018 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356309 The Tribunal set aside the order-in-appeal demanding the reversal of credit availed on inputs, ruling in favor of the appellant. The dispute centered on whether the appellant had written off inputs as required by Rule 3(5B) of the Cenvat Credit Rules, 2004. The Tribunal found that the appellant had only reduced the value of inputs in their books, not written them off entirely, and the inputs remained usable in their factory. As per the Tribunal, the reduction in value did not constitute writing off under the rule, leading to the allowance of the appeal. Case-Laws Central Excise Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356309