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2017 (3) TMI 1073 - AT - Central ExciseShortage of stock - Sponge iron - Held that: - the shortage has been ascertained on the basis of eye estimation and no physical verification has been carried out - also, the officers have failed to take into account 250 MT sponge iron, which was not stored in bunkers - the above stock of Sponge iron lying in the factory was not correctly arrived at and hence, demand is not sustainable. Unaccounted production and clearance of 347.60 MT - Held that: - demand has been raised only on the basis of these loose sheets. The authenticity of these documents has not been established - Revenue has not bothered to carry out any further investigations to support allegation that the stock of 347.600MT of sponge iron has not been accounted and cleared clandestinely in the absence of any corroborative evidences - The demand raised on this count cannot be sustained. Appeal dismissed - decided against Revenue.
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