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COMMISSIONER OF CENTRAL EXCISE Versus MARUTI SUZUKI INDIA LTD.

2015 (8) TMI 493 - SUPREME COURT

Clandestine removal of goods - Shortage of goods - Held that:- Respondent had pointed out that this was due to accounting errors and there was no “shortage” in fact because of the reason that in respect of many inputs even stocks in excess was found. .....

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eriod. This fact alone demonstrates the bona fides of the respondent in claiming the Modvat credit on the basis of figures disclosed by them in respect of the inputs which were used while manufacturing the motor vehicles. A finding of fact is recorde .....

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0-4-2015 - A.K. Sikri and Rohinton Fali Nariman, JJ. Shri K. Radhakrishnan, Senior Advocate, Rupesh Kumar, Arijit Prasad and B. Krishna Prasad, Advocates, for the Appellant. Shri V. Lakshmikumaran, M.P. Devanath, Vivek Sharma, Ms. L. Charanaya, Adity .....

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stem of the respondent. The magnitude of the inputs used and the discrepancy which arose because of the various factors, on that basis it is stated that when the shortage of inputs as corrected is only 0.24%, that would be immaterial and correction o .....

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