Demand of cenvat credit by way of reversal not justified for mere provision in books

Hindustan Zinc Ltd. Vs Commissioner of Central Goods & Service Tax (CESTAT Delhi)

The issue involved in this appeal by the assessee is whether the demand of cenvat credit by way of reversal is justified, under the provisions of Rule 3(5B) of Cenvat Credit Rules, under the fact that the appellant has made provision in the books of accounts on account of Non-Moving Inventory, without reducing the value of inventory.

Rule 3(5B) of the CCR is attracted only when the value of the asset and

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