16 August 2013
A Ltd sale capital good to B Ltd on ex-factory basis. During transport said capital good is destroyed. Whether cenvat credit claimed by B Ltd? or Whether remission claimed under Rule 21?
17 August 2013
B LTD is not eligible for credit as he has not received the material. since the material already moved from the factory A Ltd is also not eligible for claim for remission, but will have to claim form insurance.
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