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2018 (12) TMI 1103 - AT - Central ExciseClandestine removal - shortage of stock - pig iron - stock taking conducted by the Internal Stock Verification Department - CBEC Circular No.52/79 CX.6 dated 26.10.1979 - whether the shortages noticed in Pig iron during the annual stock verification are to be charged to Central Excise duty? Held that:- It has been pointed out that the differences have arisen on account of different yardsticks adopted for accounting quantities. The criterion adopted for measuring the quantity of Pig iron at the stage of final product, is on the basis of actual weighment as appearing in Railway receipts. However, the stock verification quantities are estimated on volumetric basis. The total quantity of such material produced during the disputed period is also extremely high and is of the order of 19,53,003 MT. Appeal allowed - decided in favor of appellant.
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