https://www.taxtmi.com/caselaws?id=779462 CENVAT credit reversal on written-off inventory requires proof that credit was actually availed and that reversal is legally required. No reversal arises for trading inventory where no credit was taken; for manufacturing inventory, no further reversal is warranted where applicable credit has already been reversed, duty is paid on subsequent clearance of finished goods, or inputs remain usable. Audited accounts and separate inventory records cannot be disregarded without a valid basis. Extended limitation requires evidence of suppression, misdeclaration, fraud, or intent to evade duty; regular returns, disclosed reversals, and an audit-originated objection do not satisfy those conditions. en-us Thu, 18 Sep 2025 00:00:00 +0530 Tue, 07 Oct 2025 08:30:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779462 CENVAT credit reversal on written-off inventory requires proof that credit was actually availed and that reversal is legally required. No reversal arises for trading inventory where no credit was taken; for manufacturing inventory, no further reversal is warranted where applicable credit has already been reversed, duty is paid on subsequent clearance of finished goods, or inputs remain usable. Audited accounts and separate inventory records cannot be disregarded without a valid basis. Extended limitation requires evidence of suppression, misdeclaration, fraud, or intent to evade duty; regular returns, disclosed reversals, and an audit-originated objection do not satisfy those conditions. Case-Laws Central Excise Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779462