https://www.taxtmi.com/caselaws?id=757695 Rule 21 of the Central Excise Rules, 2002 permits remission of excise duty where finished goods are destroyed by fire before removal, subject to the Commissioner's conditions, and the absence of mala fides supports relief. On the Cenvat side, for the period before the specific reversal amendment, Rule 3 of the Cenvat Credit Rules, 2004 did not require reversal of credit on inputs embedded in finished goods destroyed by fire, because the later reversal provision was prospective. The commentary distinguishes this from inputs destroyed as such, where reversal already made was retained. en-us Thu, 29 Aug 2024 00:00:00 +0530 Sat, 31 Aug 2024 07:52:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757695 Rule 21 of the Central Excise Rules, 2002 permits remission of excise duty where finished goods are destroyed by fire before removal, subject to the Commissioner's conditions, and the absence of mala fides supports relief. On the Cenvat side, for the period before the specific reversal amendment, Rule 3 of the Cenvat Credit Rules, 2004 did not require reversal of credit on inputs embedded in finished goods destroyed by fire, because the later reversal provision was prospective. The commentary distinguishes this from inputs destroyed as such, where reversal already made was retained. Case-Laws Central Excise Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757695