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Demand not sustained as difference between value of goods shown in ER-1 and balance sheet explained
Case Law Details
- Case Name
- Surya Metalloy Pvt Ltd Vs Commissioner (Appeals) of Central Excise (CESTAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Delhi
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Surya Metalloy Pvt Ltd Vs Commissioner (Appeals) of Central Excise (CESTAT Delhi)
CESTAT Delhi held that demand unsustainable as difference between value of goods shown in ER-1 returns and balance sheet duly explained with sufficient evidence.
Facts- During the course of audit, it was noticed that the appellant, engaged in the manufacture of MS Ingots, appeared to have short paid Central Excise duty of Rs.86,45,221/- during FY 2015-16, in as much as there was an apparent difference of Rs.6,91,61,767/- in total value of goods sold as shown in their balance sheet in comparison to the value sho...
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