https://www.taxtmi.com/highlights?id=60066 CENVAT Credit - provision made in the books of accounts on account of Non-Moving Inventory, without reducing (writing down) the value of inventory - Rule 3(5B) of Cenvat Credit Rules, 2004 - the appellant has made only a ‘general provision’, which is not attributable to any particular capital asset/input. - , the show cause notice is erroneous as the demand has been made even on the reversal of the provision. - AT en-us Tue, 12 Oct 2021 12:12:19 +0530 Tue, 12 Oct 2021 12:12:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60066 CENVAT Credit - provision made in the books of accounts on account of Non-Moving Inventory, without reducing (writing down) the value of inventory - Rule 3(5B) of Cenvat Credit Rules, 2004 - the appellant has made only a ‘general provision’, which is not attributable to any particular capital asset/input. - , the show cause notice is erroneous as the demand has been made even on the reversal of the provision. - AT Highlights Central Excise Tue, 12 Oct 2021 12:12:19 +0530 https://www.taxtmi.com/highlights?id=60066