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Excisable goods theft from factory

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..... Dear Sir, Pl. advice to us our Excisable goods theft from factory gate . what is the process of Cenvat. Pl. suggest to us your valuable advice. Thanks and Regards Arjun sachdeva - Reply By Pradeep Khatri - The Reply = Dear Arjun, Please check Rule 21 of the CE Rules, 2002 in this regard. Further, if you get compensation from the Insurance Company then you need to reverse the CENVAT .....

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..... credit availed on the inputs used in manufacturing of Finished Goods. Regards Team YAGAY and SUN Central Excise Rules, 2002 21. Remission of duty.- Where it is shown to the satisfaction of the Commissioner that goods have been lost or destroyed by natural causes or by unavoidable accident or are claimed by the manufacturer as unfit for consumption or for mark .....

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..... eting, at any time before removal, he may remit the duty payable on such goods, subject to such conditions as may be imposed by him by order in writing: Provided that where such duty does not exceed 1 [ten thousand rupees], the provisions of this rule shall have effect as if for the expression Commissioner , the expression Superintendent of Central Excise has been substituted: Provi .....

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..... ded further that where such duty exceeds 1 [ten thousand rupees] but does not exceed 2 [one lakh rupees], the provisions of this rule shall have effect as if for the expression Commissioner , the expression Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise, as the case may be, has been substituted: Provided also that where such duty exceeds .....

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..... 2 [one lakh rupees] but does not exceed 3 [five lakh rupees], the provisions of this rule shall have effect as if for the expression Commissioner , the expression Joint Commissioner of Central Excise or Additional Commissioner of Central Excise, as the case may be has been substituted - Excisable goods theft from factory - Query Started By: - MITSUI PRIME Dated:- 6-8-2014 Central .....

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..... Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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