Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2012 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (8) TMI 170 - AT - Central ExciseWaiver of pre-deposit - manufacture of MS ingots – alleged that applicants suppressed production of excisable goods and short paid the duty - demand is confirmed on the basis of electric consumption as well as after taking into consideration the data in respect of cost of production and sale considerations – Held that:- Per MT cost of production of finished goods was worked out on their reported turnover as per the audited financial account for the year 2007-08 the cost of production per MT for the period March 2008 to August 2008 is Rs.33,476/- whereas the transaction value per MT as per ER-1 returns is only Rs.31,690/- which is much less than even the cost of production - demand is not merely on the basis of electric consumption - Commissioner (Appeals) has not decided the appeals on merits - appeals filed by the appellants were dismissed for non-compliance with the provisions of Section 35F of the Central Excise Act as the appellants failed to comply with the conditions of the stay order passed by the Commissioner (Appeals) - matter is remanded to the Commissioner (Appeals) to decide afresh - appeals are disposed of by way of remand.
|