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ED CREDIT ON CAPITAL GOODS FIRE

This query is : Resolved 

22 July 2009

We received one capital equipment on which cenvat credit taken. But due to fire accident that equipment totaly fired. Now we filed a Insurance claim for the same. Now the question is are we need to reverse cenvat credit?.

Please clarify the same with central excise provisions.

regards
K.MASTHAN BAVA
ZUARI CEMENT LTD

24 July 2009 If the CED is also being claimed then the credit may have tobe reversed as it would otherwsie amount to unjust enrichment



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