2016 (2) TMI 1007 - HC - Central Excise

Reversal of Cenvat credit on inputs - inputs used in finished/semi-finished goods lost by fire - Held that - the issues raised relate only to quantification of the value of the goods and therefore, the resultant situation is not one that generates an appeal at the instance of the Revenue under Section 35G of the Central Excise Act. We also do not find any question of law much less any substantial question of law arising for decision in these appeals at the instance of the Revenue - appeal dismissed - decided against Revenue.

Summary

The Kerala High Court dismissed the appeals related to the reversal of Cenvat credit on inputs lost in a fire accident. The Tribunal's decision was based on Grasim Industries v. CCE, Indore. The Court found no substantial question of law and the appeals were dismissed.