https://www.taxtmi.com/caselaws?id=121191 The appellant, engaged in manufacturing M.S. Ingots and Sponge Iron, appealed against demand confirmation and penalties for availing credit on inputs due to a discrepancy in weighment of sponge iron. The appellant argued that demand based on eye estimation is not sustainable. The Tribunal agreed, finding that demand solely based on eye estimation for loose sponge iron was not valid as no proper weighment was conducted. Consequently, the demand and penalties were set aside, and the appeals were allowed. en-us Thu, 01 Mar 2007 00:00:00 +0530 Fri, 27 Jul 2012 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121191 The appellant, engaged in manufacturing M.S. Ingots and Sponge Iron, appealed against demand confirmation and penalties for availing credit on inputs due to a discrepancy in weighment of sponge iron. The appellant argued that demand based on eye estimation is not sustainable. The Tribunal agreed, finding that demand solely based on eye estimation for loose sponge iron was not valid as no proper weighment was conducted. Consequently, the demand and penalties were set aside, and the appeals were allowed. Case-Laws Central Excise Thu, 01 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121191