https://www.taxtmi.com/caselaws?id=411357 The Tribunal ruled in favor of the appellant, setting aside the demand for cenvat credit reversal under Rule 3(5B) of Cenvat Credit Rules. It was held that the provision for non-moving inventory in the appellant's books did not necessitate credit reversal as it did not involve specific write-offs or provisions linked to assets/inputs. The Tribunal emphasized the distinction between provisions and write-offs, granting the appellant consequential benefits and allowing the appeal due to the misinterpretation of accounting entries by the Revenue. en-us Thu, 15 Jul 2021 00:00:00 +0530 Tue, 24 Aug 2021 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411357 The Tribunal ruled in favor of the appellant, setting aside the demand for cenvat credit reversal under Rule 3(5B) of Cenvat Credit Rules. It was held that the provision for non-moving inventory in the appellant's books did not necessitate credit reversal as it did not involve specific write-offs or provisions linked to assets/inputs. The Tribunal emphasized the distinction between provisions and write-offs, granting the appellant consequential benefits and allowing the appeal due to the misinterpretation of accounting entries by the Revenue. Case-Laws Central Excise Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411357