Reversal of ED on shortage of input during stock taking

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..... Dear Sir, We are manufacture of Engines and Transmissions. For the production of the same approximate 1000 components consumed and there are multiple processes. At the end of financial year physic .....

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..... al stock was taken however there is shortage in physical stock and stock as per stock ledger. It may due to non-booking of rejection on regular basis. Moreover we have been selling scrap on payment .....

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..... of Excise Duty. Please support with case law or section/rule. Now query is that: - Due to Shortage in stock , during annual stock taking , although there no physical movement of this input .....

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..... s, Do we need to reverse Excise duty thereon ? In such case there is judgement in the matter of Maruti Ltd.- according to that stocking is an accounting process and since there is no physical moveme .....

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..... nt of goods therefore , no need for reversal of Excise Duty( not having the copy , if possible please provide). Is this case applicable on our Company also?. Kindly reply Best Regards Pradeep .....

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..... Jain - Reply By Pradeep Khatri - The Reply = Greaves Cotton Ltd. vs Commissioner Of C. Ex . on 15 November, 2006 - Reversal of ED on shortage of input during stock taking - Query Started By: .....

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..... - Pradeep Jain Dated:- 24-4-2013 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementi .....

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..... ndia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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