https://www.taxtmi.com/caselaws?id=361092 Rule 21 of the Central Excise Rules, 2002 permits remission of duty on goods lost or destroyed by fire, but does not, without express statutory wording, require reversal of Cenvat credit on inputs used in finished goods, semi-finished goods, or returned defective goods so destroyed. The Tribunal followed the Larger Bench view that destruction by unavoidable accident cannot be treated as exemption, and held that credit reversal cannot be imposed as a condition for remission; the contrary view was not accepted. en-us Tue, 24 Apr 2018 00:00:00 +0530 Wed, 30 May 2018 09:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361092 Rule 21 of the Central Excise Rules, 2002 permits remission of duty on goods lost or destroyed by fire, but does not, without express statutory wording, require reversal of Cenvat credit on inputs used in finished goods, semi-finished goods, or returned defective goods so destroyed. The Tribunal followed the Larger Bench view that destruction by unavoidable accident cannot be treated as exemption, and held that credit reversal cannot be imposed as a condition for remission; the contrary view was not accepted. Case-Laws Central Excise Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361092