2011 (5) TMI 759

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....ri Ashok Jindal, Member (Judicial)      The facts of the case are that the appellants are manufacturer of excisable goods i.e. chemicals. Due to the flood in July, 2005, large quantities of finished as well as semi-finished goods were lost. Therefore, the appellants filed claim for remission of duty under Rule 21 of the Central Excise Rules, 2002. The claim of the remission....

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....(Tri-LB), the assessee is not required to reverse the credit taken on input which has gone for manufacturing and involved in semi-finished goods as well as in finished goods. Therefore, the rejection of claim of remission of duty is not correct. In view of these submissions, he submitted that their claim of remission of duty be allowed. 3. Heard. 4. Considering the fact that the issue invo....