M/S Hindustan Gum & Chemicals Ltd vs Cce, Ahmedabad on 12 January, 2012
5. On being questioned as to whether there was any amendment in law after the said decision of the Tribunal, learned advocate appearing for the appellant brings my attention to the provisions of Rule 3(5C) of Cenvat Credit Rules. In terms of the said Rule, an assessee is liable to reverse the cenvat credit of duty paid on the inputs, which have been used in the manufacture of the final product and which final product stands destroyed and remission of duty stands granted in respect of the said destroyed final product. However he submits that the said Rule is not applicable to the destruction of the inputs itself, which have not reached the stage of final goods.