2015 (3) TMI 29

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....er: R Periasami: The appellant has filed this application for waiver of predeposit of duty of Rs. 37,67,339/- along with interest and penalty. 2. The brief facts of the case are that the appellants are manufacturers of motor vehicle parts i.e. seat frame falling under Chapter 87 registered with Central Excise department and paying Excise duty accordingly. Show cause notice dt. 5.8.2010 was i....

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....arch 2009. Based on the audit objections raised by the department, the demand was raised purely on the reconciliation of figures of closing stock as per the balance sheet for the financial year 2008-09 with ER-1 Returns. He further submits that they are following different method of maintaining the stock in their ER-1. He submits that the stock figures of finished goods shown in ER-1 reflected onl....