https://www.taxtmi.com/caselaws?id=446559 CESTAT Allahabad dismissed Revenue's appeal regarding reversal of CENVAT credit on inputs allegedly written off under Rule 3(5B) of Cenvat Credit Rules, 2004. The tribunal held that Rule 3(5B) requires actual writing off of input values in books of account or provision for complete write-off to trigger reversal of credit. Since no such writing off or removal of inputs occurred in this case, the rule was not applicable, and the assessee was not required to reverse the CENVAT credit taken on the inputs. en-us Wed, 27 Sep 2023 00:00:00 +0530 Thu, 07 Dec 2023 07:17:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446559 CESTAT Allahabad dismissed Revenue's appeal regarding reversal of CENVAT credit on inputs allegedly written off under Rule 3(5B) of Cenvat Credit Rules, 2004. The tribunal held that Rule 3(5B) requires actual writing off of input values in books of account or provision for complete write-off to trigger reversal of credit. Since no such writing off or removal of inputs occurred in this case, the rule was not applicable, and the assessee was not required to reverse the CENVAT credit taken on the inputs. Case-Laws Central Excise Wed, 27 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446559