https://www.taxtmi.com/forum/issue?id=105596 Whether excise duty must be reversed for shortages found on annual stock taking when there is no physical movement of inputs is contested; the issue centers on whether such shortages reflect accounting omissions versus actual disposals. Cited authority (Greaves Cotton) and the Maruti Ltd. approach support the proposition that treating stocking as an accounting process can avoid duty reversal, while actual sales or scrap disposals remain subject to excise compliance. en-us Wed, 24 Apr 2013 20:13:18 +0530 Thu, 23 Jan 2025 15:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105596 Whether excise duty must be reversed for shortages found on annual stock taking when there is no physical movement of inputs is contested; the issue centers on whether such shortages reflect accounting omissions versus actual disposals. Cited authority (Greaves Cotton) and the Maruti Ltd. approach support the proposition that treating stocking as an accounting process can avoid duty reversal, while actual sales or scrap disposals remain subject to excise compliance. Discussion-Forum Central Excise Wed, 24 Apr 2013 20:13:18 +0530 https://www.taxtmi.com/forum/issue?id=105596