https://www.taxtmi.com/caselaws?id=308797 Where finished goods, semi-finished goods and work-in-progress were destroyed in a factory fire, remission of duty was admissible because the decisive factor was the established destruction of goods by fire. On that basis, reversal of Cenvat credit on the inputs contained in the destroyed goods was not required, as the cited precedent treated such reversal as unsustainable in these circumstances. The order rejecting remission was set aside and the claim was allowed. en-us Wed, 01 Mar 2017 00:00:00 +0530 Mon, 24 Jul 2023 21:19:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308797 Where finished goods, semi-finished goods and work-in-progress were destroyed in a factory fire, remission of duty was admissible because the decisive factor was the established destruction of goods by fire. On that basis, reversal of Cenvat credit on the inputs contained in the destroyed goods was not required, as the cited precedent treated such reversal as unsustainable in these circumstances. The order rejecting remission was set aside and the claim was allowed. Case-Laws Central Excise Wed, 01 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308797