2017 (3) TMI 165

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Shastri, Asstt. Commissioner(A.R.) for the Respondent Order The fact of the case is that appellant is engaged in the manufacture of Chemical Additives which are further used in manufacture of lubricant oil. For the manufacture of chemical additives one of their input is intermediate imported. Company's internal audit by the C.A. was conducted and an physical verification of stock, out of tot....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rtage quantity was found has been either consumed in the production and/or because of the evaporation, handling, processes. He submits that shortage is to the tune of 0.3% as compared to the total stock of 2500 MTs handled during the financial year. He placed reliance on the following judgments: (a) Hindustan Zinc Ltd Vs. CCE, Vizag [2004(172) ELT 244(Tri. Bang.) affirmed by the High Court repo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cannot be disallowed for such minor quantity shortage. 3. Shri. V.K. Shastri, Ld. Asstt. Commissioner(A.R.) appearing on behalf of the Revenue reiterates the findings of the impugned order. He further submits that shortage of 6 MTs is admitted and therefore credit rightly denied by the lower authority. 4. I have carefully considered the submissions made by both sides and perused the record. ....