CENVAT Credit on Capital Goods Unaffected by Insurance Compensation Claim for Fire Losses, Says Court.

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....Reversal of cenvat credit on capital goods - loss of capital goods in the fire - The Compensation scheme from the insurance company has no relevance for availment of credit on capital goods purchased in 2006. The fact that the appellant claimed insurance, which is inclusive of Excise Duty, is not at all relevant. - AT....