https://www.taxtmi.com/caselaws?id=465434 Rule 3(5B) of the CENVAT Credit Rules, 2004 is attracted only when inputs or capital goods are actually written off, fully or partially, before use; a temporary inventory valuation entry made to reflect accounting standards does not by itself require reversal. Where the stock remained in the factory, continued to be available for manufacture, and the provisional write-down was reversed on the next working day, the accounting adjustment was treated as book-based and not as a substantive write-off. On that basis, reversal of CENVAT credit was not justified and the demand could not stand. en-us Wed, 05 Jun 2024 00:00:00 +0530 Tue, 23 Dec 2025 19:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465434 Rule 3(5B) of the CENVAT Credit Rules, 2004 is attracted only when inputs or capital goods are actually written off, fully or partially, before use; a temporary inventory valuation entry made to reflect accounting standards does not by itself require reversal. Where the stock remained in the factory, continued to be available for manufacture, and the provisional write-down was reversed on the next working day, the accounting adjustment was treated as book-based and not as a substantive write-off. On that basis, reversal of CENVAT credit was not justified and the demand could not stand. Case-Laws Central Excise Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465434