https://www.taxtmi.com/caselaws?id=356355 Central excise duty demands based on discrepancies between profit and loss account sales and excise-return clearances were unsustainable where the assessee produced audited accounts and a reconciliation showing that gross sales included excise duty and trading sales outside manufactured clearances; in the absence of contrary material rebutting that reconciliation, the demand was set aside. The alleged short-payment demand for 2000-01 and 2001-02 also failed because the assessee furnished invoice-wise computation and the Revenue relied on incomplete invoice sets without supplying the documents requested for verification; the assessee's calculation was not shown to be erroneous, so this demand was likewise annulled. The appeal succeeded and consequential relief followed. en-us Wed, 20 Dec 2017 00:00:00 +0530 Mon, 19 Mar 2018 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356355 Central excise duty demands based on discrepancies between profit and loss account sales and excise-return clearances were unsustainable where the assessee produced audited accounts and a reconciliation showing that gross sales included excise duty and trading sales outside manufactured clearances; in the absence of contrary material rebutting that reconciliation, the demand was set aside. The alleged short-payment demand for 2000-01 and 2001-02 also failed because the assessee furnished invoice-wise computation and the Revenue relied on incomplete invoice sets without supplying the documents requested for verification; the assessee's calculation was not shown to be erroneous, so this demand was likewise annulled. The appeal succeeded and consequential relief followed. Case-Laws Central Excise Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356355