https://www.taxtmi.com/caselaws?id=430027 The Appellate Tribunal CESTAT Ahmedabad ruled in favor of the appellant, granting remission of duty for the final product lost in a fire incident. The Tribunal found the fire to be unavoidable, caused by a short circuit, and determined that the appellant had taken adequate firefighting measures. It was established that the valuation increase for the insurance claim did not include excise duty, supporting the appellant's entitlement to remission. The Tribunal directed the appellant to reverse cenvat credit on inputs related to the remitted final product. en-us Wed, 19 Oct 2022 00:00:00 +0530 Thu, 10 Nov 2022 09:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430027 The Appellate Tribunal CESTAT Ahmedabad ruled in favor of the appellant, granting remission of duty for the final product lost in a fire incident. The Tribunal found the fire to be unavoidable, caused by a short circuit, and determined that the appellant had taken adequate firefighting measures. It was established that the valuation increase for the insurance claim did not include excise duty, supporting the appellant's entitlement to remission. The Tribunal directed the appellant to reverse cenvat credit on inputs related to the remitted final product. Case-Laws Central Excise Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430027