Demand not sustained as difference between value of goods shown in ER-1 and balance sheet explained

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

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