Mere Chartered Accountant’s certificate without documentary evidence is not sufficient for duty treatment of obsolete stock

Owens Corning India Ltd Vs Commissioner of Central Tax (CESTAT Mumbai) CESTAT Mumbai in the matter of obsolete stock usage vis-à-vis reversal of CENVAT Credit or discharge of duty u/r 3(5B), it is held that mere Chartered Accountant’s certificate without documentary evidence is not sufficient. Matter remanded for the purpose of producing documentary evidence. Facts- The appellants are engaged in manufacture of glass fiber, chopped strand mats, roving of glass fiber etc. and availing Cenvat credit in respect of inputs, capital goods and input services used in relation to manufacture of final...