https://www.taxtmi.com/caselaws?id=413430 The Tribunal ruled in favor of the appellant, setting aside the demand for reversal of Cenvat credit under Rule 3(5B) of the Cenvat Credit Rules, 2004. The Tribunal found that the provisions made in the books of accounts for non-moving inventory did not amount to a 'write-off' as alleged by the department. As the inventory value was not altered and only a general provision was made without specific write-offs, the Tribunal held that Rule 3(5B) did not apply. Consequently, the appellant's appeal was allowed with consequential benefits. en-us Wed, 15 Sep 2021 00:00:00 +0530 Tue, 12 Oct 2021 09:28:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413430 The Tribunal ruled in favor of the appellant, setting aside the demand for reversal of Cenvat credit under Rule 3(5B) of the Cenvat Credit Rules, 2004. The Tribunal found that the provisions made in the books of accounts for non-moving inventory did not amount to a 'write-off' as alleged by the department. As the inventory value was not altered and only a general provision was made without specific write-offs, the Tribunal held that Rule 3(5B) did not apply. Consequently, the appellant's appeal was allowed with consequential benefits. Case-Laws Central Excise Wed, 15 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413430