https://www.taxtmi.com/caselaws?id=209232 Best judgment assessment under the Central Excise Rules was upheld where the assessee's factory had been closed and sold, relevant records were unavailable, and the assessee itself had sought such assessment. The contrary view that best judgment was impermissible because records were available did not fit the facts, as no records for the relevant period were produced. The precedent cited by the Revenue was treated as distinguishable. The appellate order was therefore set aside, and the assessment on best judgment basis was held valid. en-us Wed, 30 Mar 2011 00:00:00 +0530 Fri, 26 Jul 2013 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209232 Best judgment assessment under the Central Excise Rules was upheld where the assessee's factory had been closed and sold, relevant records were unavailable, and the assessee itself had sought such assessment. The contrary view that best judgment was impermissible because records were available did not fit the facts, as no records for the relevant period were produced. The precedent cited by the Revenue was treated as distinguishable. The appellate order was therefore set aside, and the assessment on best judgment basis was held valid. Case-Laws Central Excise Wed, 30 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209232