https://www.taxtmi.com/caselaws?id=356544 The Tribunal dismissed the demand for Cenvat credit recovery on inputs used in damaged work-in-progress goods, emphasizing that compensation from the Insurance Company should not affect availing of the credit. It also ruled that enhancing the demand based on insurance compensation exceeded the appeal's scope and should not impact credit availing. Furthermore, the Tribunal held that the compensation received for damaged capital goods did not warrant reversal of credit, as the excise duty paid entitled the assessee to Cenvat credit. The appeal was dismissed, and the impugned order was set aside, providing relief in accordance with the law. en-us Fri, 12 Jan 2018 00:00:00 +0530 Thu, 08 Mar 2018 07:01:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356544 The Tribunal dismissed the demand for Cenvat credit recovery on inputs used in damaged work-in-progress goods, emphasizing that compensation from the Insurance Company should not affect availing of the credit. It also ruled that enhancing the demand based on insurance compensation exceeded the appeal's scope and should not impact credit availing. Furthermore, the Tribunal held that the compensation received for damaged capital goods did not warrant reversal of credit, as the excise duty paid entitled the assessee to Cenvat credit. The appeal was dismissed, and the impugned order was set aside, providing relief in accordance with the law. Case-Laws Central Excise Fri, 12 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356544