CENVAT Credit Claim Valid for Goods Destroyed in Floods; No Reversal Required for Capital Goods Lost to Calamities.

Cenvat Credit - Goods destroyed in heavy floods, were cleared as waste and scrap - there was no provision in the law at the relevant time for reversal of CENVAT credit availed on capital goods if the same were destroyed due to natural calamities. .... - AT .....

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