No excise duty demand on differential value of stock of finished or semi-finished goods

Steel Authority of India Ltd Vs Commissioner of Central Excise (CESTAT Bangalore) The CESTAT Bangalore in M/s. Steel Authority of India Ltd. v. The Commissioner of Central Excise [Appeal No. E/562/2008 dated May 25, 2023] overturned the decision to demand excise duty based on the differential quantity of goods as per the ER-1 returns and the audited books of accounts. The tribunal determined that the discrepancy between the values mentioned in the RG-1 and the physical stock statement provided by the assessee was inherently inaccurate, as both values were estimated. Facts: M/s. Steel Authority...