https://www.taxtmi.com/caselaws?id=33314 Cenvat credit on inputs issued for manufacture was not required to be reversed when partially processed goods were destroyed in an accidental fire at the job worker's premises. The inputs had already been put to use in manufacture, and the subsequent loss did not undo satisfaction of the credit condition. Delayed intimation to excise authorities and absence of a departmental panchnama did not change the result, as the incident had been reported to the police, local authorities and insurer. The operative principle is that accidental destruction after issue of inputs for manufacture does not by itself trigger reversal of validly taken Cenvat credit. en-us Wed, 26 Nov 2008 00:00:00 +0530 Mon, 04 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33314 Cenvat credit on inputs issued for manufacture was not required to be reversed when partially processed goods were destroyed in an accidental fire at the job worker's premises. The inputs had already been put to use in manufacture, and the subsequent loss did not undo satisfaction of the credit condition. Delayed intimation to excise authorities and absence of a departmental panchnama did not change the result, as the incident had been reported to the police, local authorities and insurer. The operative principle is that accidental destruction after issue of inputs for manufacture does not by itself trigger reversal of validly taken Cenvat credit. Case-Laws Central Excise Wed, 26 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33314