2018 (3) TMI 746

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....turer of 'bright bars' for which inputs are stainless steel products. The case of Revenue is that, in Annexure 4 to Form 3CD of the quantitive details filed with Income Tax authorities, a shortage of finished goods has been reported and that this shortage, which the recipient claims to be processing loss, was non-accountal of inputs that should have been physically available in stock. 2. The impu....

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....rticular agency is defined in that statute which brought such agency into existence. The purpose and objective of Central Excise Act, 1944 is different and it would be improper to consider the declaration in consonance with another statute to be the ground for statutory demand of duty; more so, as processing loss is inevitable in any manufacturing activity. The goods that are manufactured are clea....