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2016 (10) TMI 825 - HC - Central ExciseDiscrepancies in stock - reversal of CENVAT credit - Substantial discrepancies in the valuation of inputs as per the stock register and the stock physically found - mere manufacturing loss or not - appeal against the judgement passed in the case M/s Shah Alloys Ltd. Versus The Commissioner C&CE, Ahmedabad III [2014 (11) TMI 116 - CESTAT AHMEDABAD] - Held that: - the assessee was consuming as many as 42 different inputs. The discrepancies in the stock was found only in five of them. As a whole, the shortfall is only 0.42% of the total consumption of inputs by the assessee. It was in this background that the Tribunal opined that such discrepancy can be put down as manufacturing loss - no reversal of CENVAT credit required - appeal dismissed - decided against Revenue.
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