https://www.taxtmi.com/caselaws?id=151638 The Court ruled in favor of M/s. Universal Polythene Industries, emphasizing that the balance sheet prepared by a Chartered Accountant was not conclusive proof of production figures and could be disregarded based on valid grounds. The judgment highlighted the importance of evaluating the credibility of both the balance sheet and RT-12 returns in light of specific circumstances. The decision supported the manufacturer's position, emphasizing the need for additional evidence to ascertain the accuracy of production figures, ultimately dismissing the Central Excise Authorities' allegations of duty evasion. en-us Fri, 12 Sep 2008 00:00:00 +0530 Fri, 28 Nov 2014 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151638 The Court ruled in favor of M/s. Universal Polythene Industries, emphasizing that the balance sheet prepared by a Chartered Accountant was not conclusive proof of production figures and could be disregarded based on valid grounds. The judgment highlighted the importance of evaluating the credibility of both the balance sheet and RT-12 returns in light of specific circumstances. The decision supported the manufacturer's position, emphasizing the need for additional evidence to ascertain the accuracy of production figures, ultimately dismissing the Central Excise Authorities' allegations of duty evasion. Case-Laws Central Excise Fri, 12 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151638