https://www.taxtmi.com/caselaws?id=416607 The High Court upheld the Customs, Excise & Gold (Control) Appellate Tribunal's decision, ruling in favor of the Assessee. The Court rejected the Department's reliance on extrapolated ratios without concrete evidence, emphasizing the importance of accurate production data specific to the Assessee. The Tribunal's analysis, cautioning against using data from one company to infer production figures for another, was deemed valid. Consequently, the High Court dismissed the reference application, highlighting the need for substantial evidence to support claims regarding production ratios. en-us Thu, 16 Dec 2021 00:00:00 +0530 Mon, 03 Jan 2022 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416607 The High Court upheld the Customs, Excise & Gold (Control) Appellate Tribunal's decision, ruling in favor of the Assessee. The Court rejected the Department's reliance on extrapolated ratios without concrete evidence, emphasizing the importance of accurate production data specific to the Assessee. The Tribunal's analysis, cautioning against using data from one company to infer production figures for another, was deemed valid. Consequently, the High Court dismissed the reference application, highlighting the need for substantial evidence to support claims regarding production ratios. Case-Laws Customs Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416607