TaxTMI 
TaxTMI 
2018 (6) TMI 370
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....al has been filed by M/s Amforge Industries Ltd., Pune unit and Chinchwad unit against confirmation of demand and imposition of penalty. 2. Learned Counsel for the appellant pointed out that these units were visited by the officers on 22.9.2004 for enquiries. During the enquiry, they recorded the statements of various officers and Shri Chandiramani, Associate Vice President and Plant Incharge gav....
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....) even where cases for items, which were not approved by Q.C. and which were scrapped; these items were also not reduced from the book stock, thereby, resulting in higher book stock. All the above reasons have resulted in the difference between the physical stock and the book stock. " Learned Counsel has pointed out that no physical stock taking was done and no panchanama was drawn. He further p....
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.... Atlas Conductors Vs. Commissioner of Central Excise, Mumbai - 2008 (221) ELT 231 (Tri-Mum); Zincollied (India) Vs. Commissioner of Central Excise, Vapi - 2013 (297) ELT 370 (Troi-Ahmd); Central Cables Ltd. Vs. Commissioner of Central Excise, Nagpur - 2011 (272) ELT 735 (Tri-Mum). He also relied on the decision of Hon'ble High Court of Punjab & Haryana in the case of Nexo Products (India) - 2015 (....