CESTAT rejects Revenue's appeal on excess sponge iron stock due to lack of verification and mala fide intent.

The Appellate Tribunal CESTAT NEW DELHI rejected the Revenue's appeal regarding excess stock of sponge iron found at the factory. The Commissioner (Appeals) extended benefit to the respondents due to lack of verified weighment and reliance on estimated excess stock. The Revenue's failure to physically verify the stock and establish mala fide intent led to the rejection of the appeal.

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The Appellate Tribunal CESTAT NEW DELHI rejected the Revenue's appeal regarding excess stock of sponge iron found at the factory. The Commissioner (Appeals) extended benefit to the respondents as weighment was not verified, and the excess stock was estimated. The Revenue failed to provide physical verification of the stock and did not prove mala fide intent. The appeal was rejected.

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