https://www.taxtmi.com/caselaws?id=779462 Demand for reversal of CENVAT credit on written-off inventory was found unsustainable where trading stock had never attracted credit, manufacturing stock had already been reversed, and finished goods were cleared on duty with audited records supporting the assessee's position. The note also records that the extended period of limitation could not be invoked because the assessee regularly paid duty and filed returns, had informed the department of the reversal, and no suppression, misdeclaration, fraud, or intent to evade duty was shown. On these grounds, the duty demand was set aside with consequential relief. 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 Demand for reversal of CENVAT credit on written-off inventory was found unsustainable where trading stock had never attracted credit, manufacturing stock had already been reversed, and finished goods were cleared on duty with audited records supporting the assessee's position. The note also records that the extended period of limitation could not be invoked because the assessee regularly paid duty and filed returns, had informed the department of the reversal, and no suppression, misdeclaration, fraud, or intent to evade duty was shown. On these grounds, the duty demand was set aside with consequential relief. Case-Laws Central Excise Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779462