https://www.taxtmi.com/caselaws?id=364608 The Tribunal allowed the appeal, setting aside the order confirming the recovery of CENVAT credit on destroyed capital goods. It held that the demand for credit on capital goods destroyed in a fire was not supported by Rule 3(5C) of the CENVAT Credit Rules, 2004, which specifically pertains to remission of duty on finished goods. The recovery of credit on capital goods was deemed legally unsustainable, emphasizing the need to adhere to the specific provisions of the rules. The appellant's appeal was allowed, and the recovery amount was set aside. en-us Tue, 05 Jun 2018 00:00:00 +0530 Thu, 02 Aug 2018 07:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364608 The Tribunal allowed the appeal, setting aside the order confirming the recovery of CENVAT credit on destroyed capital goods. It held that the demand for credit on capital goods destroyed in a fire was not supported by Rule 3(5C) of the CENVAT Credit Rules, 2004, which specifically pertains to remission of duty on finished goods. The recovery of credit on capital goods was deemed legally unsustainable, emphasizing the need to adhere to the specific provisions of the rules. The appellant's appeal was allowed, and the recovery amount was set aside. Case-Laws Central Excise Tue, 05 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364608