https://www.taxtmi.com/caselaws?id=238335 In a fire-loss matter, adjustment of the alleged closing balance in RG-23A Part-II and PLA against duty reversal was rejected because the balance was not proved with sufficient certainty and the method used was unconvincing; the Tribunal required the balances reflected in monthly returns and found no satisfactory exercise on that basis. For bought-out items destroyed in fire, computation of credit reversal by average or highest duty rate was held erroneous, and reversal had to be worked out proportionately with reference to the value of the goods and the credit actually availed. The appellant's reconstructed records and chartered accountant's certificate were accepted for that limited purpose, so relief was granted only on that computation issue. en-us Wed, 07 Aug 2013 00:00:00 +0530 Mon, 01 Jun 2015 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238335 In a fire-loss matter, adjustment of the alleged closing balance in RG-23A Part-II and PLA against duty reversal was rejected because the balance was not proved with sufficient certainty and the method used was unconvincing; the Tribunal required the balances reflected in monthly returns and found no satisfactory exercise on that basis. For bought-out items destroyed in fire, computation of credit reversal by average or highest duty rate was held erroneous, and reversal had to be worked out proportionately with reference to the value of the goods and the credit actually availed. The appellant's reconstructed records and chartered accountant's certificate were accepted for that limited purpose, so relief was granted only on that computation issue. Case-Laws Central Excise Wed, 07 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238335