LOSS OF SEMIFINISHED GOODS BY FIRE

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....OSS OF SEMIFINISHED GOODS BY FIRE<br> Query (Issue) Started By: - RAM NAUDIYAL Dated:- 1-11-2012 Last Reply Date:- 3-11-2012 Central Excise<br>Got 3 Replies<br>Central Excise<br>Dear Experts, If some....

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.... semifinished ,work in progess and machinery loss by fire then what will be the consequences in central excise point of view and insurance point of view. Thanks Reply By Pradeep Khatri: The Reply: ....

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....If you have get he insurance claim alongwith the potential duty element, then, you would have to reverse the proportionate CENVAT credit. Reply By RAM NAUDIYAL: The Reply: Is it compulsory to intim....

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....ate in Excise Department. Reply By Pradeep Khatri: The Reply: Yes, since, revenue is involved in such incidence, therefore, it is compulsory to make them aware to cope with any unwarrented situation....

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....s which may arise in the near future.<br> Discussion Forum - Knowledge Sharing ....