https://www.taxtmi.com/caselaws?id=34885 The Tribunal set aside the decision demanding the reversal of Cenvat credit on Capital Goods destroyed in a fire accident, finding that the credit had been legally availed and there was no provision for reversal. It held that claiming insurance inclusive of Excise Duty did not impact the admissibility of Cenvat credit, citing relevant case laws and Cenvat Credit Rules. The appeal was allowed, emphasizing that the legal provisions at the time supported the appellants' position, ultimately granting them relief from the Revenue's demands. en-us Thu, 20 Nov 2008 00:00:00 +0530 Sat, 07 Nov 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34885 The Tribunal set aside the decision demanding the reversal of Cenvat credit on Capital Goods destroyed in a fire accident, finding that the credit had been legally availed and there was no provision for reversal. It held that claiming insurance inclusive of Excise Duty did not impact the admissibility of Cenvat credit, citing relevant case laws and Cenvat Credit Rules. The appeal was allowed, emphasizing that the legal provisions at the time supported the appellants' position, ultimately granting them relief from the Revenue's demands. Case-Laws Central Excise Thu, 20 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34885