Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2018 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (2) TMI 791 - AT - Central ExciseDifference in the stock vis-a-vis RG-I - Revenue submits that 2% norm is prescribed and it will have to be followed. However, he accepts that somewhere the loss was below 2% - Held that: - it appears that 2% limit prescribed by the Board is on estimate basis and it is a guiding factor. By looking the chart in another year, the loss was somewhere below the 1%. If the average will be taken it will go on minor side. Specially when the assessee is a Public Sector Undertaking and no individual interest is involved - appeal allowed - decided in favor of appellant.
|