https://www.taxtmi.com/caselaws?id=469433 Rule 3(5B) of the Cenvat Credit Rules, 2004 requires reversal where inputs or capital goods are fully written off, or a full write-off provision is made in the books, and the reversal must track the credit actually availed on the relevant goods. The Tribunal rejected the plea that partial provision avoided the rule and treated the reversal obligation as applicable to the extent of credit attributable to fully provided-for or scrapped goods. On limitation and penalty, it held that an inventory-provision dispute without fraud, suppression, or intent to evade duty did not justify the extended period, and the penalty under Rule 15(2) read with Section 11AC was unsustainable. en-us Tue, 17 Jun 2025 00:00:00 +0530 Wed, 17 Jun 2026 11:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469433 Rule 3(5B) of the Cenvat Credit Rules, 2004 requires reversal where inputs or capital goods are fully written off, or a full write-off provision is made in the books, and the reversal must track the credit actually availed on the relevant goods. The Tribunal rejected the plea that partial provision avoided the rule and treated the reversal obligation as applicable to the extent of credit attributable to fully provided-for or scrapped goods. On limitation and penalty, it held that an inventory-provision dispute without fraud, suppression, or intent to evade duty did not justify the extended period, and the penalty under Rule 15(2) read with Section 11AC was unsustainable. Case-Laws Central Excise Tue, 17 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469433