TaxTMI 
TaxTMI 
Reversal of ED on shortage of input during stock taking
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....eversal of ED on shortage of input during stock taking<br> Query (Issue) Started By: - Pradeep Jain Dated:- 24-4-2013 Last Reply Date:- 24-4-2013 Central Excise<br>Got 1 Reply<br>Central Excise<br>Dea....
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....r Sir, We are manufacture of Engines and Transmissions. For the production of the same approximate 1000 components consumed and there are multiple processes. At the end of financial year physical sto....
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....ck was taken however there is shortage in physical stock and stock as per stock ledger. It may due to non-booking of rejection on regular basis. Moreover we have been selling scrap on payment of Exci....
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....se Duty. Please support with case law or section/rule. Now query is that:- Due to Shortage in stock , during annual stock taking , although there no physical movement of this inputs, Do we need to r....
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....everse Excise duty thereon ? In such case there is judgement in the matter of Maruti Ltd.- according to that stocking is an accounting process and since there is no physical movement of goods therefo....
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....re , no need for reversal of Excise Duty( not having the copy , if possible please provide). Is this case applicable on our Company also?. Kindly reply Best Regards Pradeep Jain Reply By Pradeep K....
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....hatri: The Reply: Greaves Cotton Ltd. vs Commissioner Of C. Ex. on 15 November, 2006<br> Discussion Forum - Knowledge Sharing ....