https://www.taxtmi.com/caselaws?id=354643 The appellate tribunal upheld the Commissioner's ruling, determining that excise duty is imposed on manufactured and cleared goods, not on sales proceeds realization. Since the debit notes were found to be fictitious and issued to inflate turnover figures without actual realization, the imposition of excise duty on such documents was deemed invalid. Consequently, the Revenue's appeal was dismissed for lack of merit. en-us Tue, 08 Aug 2017 00:00:00 +0530 Wed, 25 Apr 2018 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354643 The appellate tribunal upheld the Commissioner's ruling, determining that excise duty is imposed on manufactured and cleared goods, not on sales proceeds realization. Since the debit notes were found to be fictitious and issued to inflate turnover figures without actual realization, the imposition of excise duty on such documents was deemed invalid. Consequently, the Revenue's appeal was dismissed for lack of merit. Case-Laws Central Excise Tue, 08 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354643