https://www.taxtmi.com/caselaws?id=442892 Cenvat credit on inputs issued for manufacture cannot be denied merely because the inputs were destroyed during the manufacturing process due to a power failure. Where the goods had already entered the manufacturing stream and were lost or destroyed in the course of manufacture, the settled view is that credit need not be reversed, especially in the absence of diversion or misuse. Applying that principle, credit on the destroyed inputs was upheld in favour of the assessee. en-us Wed, 06 Sep 2023 00:00:00 +0530 Wed, 13 Sep 2023 09:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442892 Cenvat credit on inputs issued for manufacture cannot be denied merely because the inputs were destroyed during the manufacturing process due to a power failure. Where the goods had already entered the manufacturing stream and were lost or destroyed in the course of manufacture, the settled view is that credit need not be reversed, especially in the absence of diversion or misuse. Applying that principle, credit on the destroyed inputs was upheld in favour of the assessee. Case-Laws Central Excise Wed, 06 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442892