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2016 (10) TMI 864 - CESTAT NEW DELHIClandestine removal of goods - discrepancies found in the figures of raw materials as reflected in the balance sheet and in the excise returns - Held that: - the difference in the balance sheet figures and the statutory records cannot lead to the inevitable conclusion of clandestine activities, Similarly, in the absence of evidence to show that the income reflected in Balance sheet or otherwise is on account of manufacturing activities, the same cannot be held to be sale proceeds of clandestinely removed goods. The order of the appellate authority is a detailed order passed based on the merits of the case and read with the law laid down by the Tribunal in identical matters. Appeal disposed off - decided against Revenue.
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