Court :
CESTAT Bangalore
Brief :
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] set aside the order demanding excise duty on differential quantity of goods based on the ER-1 returns as against the quantity of goods shown in the audited books of accounts. Held that, discrepancy on comparison of values stated in RG-1 and the physical stock statement prepared by the assessee is inherently inaccurate because both are estimated value.
Citation :
Appeal No. E/562/2008 dated May 25, 2023]
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