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HomeIndirect TaxesMere Stock Shortage Without Evidence of Leakage or Accounting Error Attracts Excise...

Mere Stock Shortage Without Evidence of Leakage or Accounting Error Attracts Excise Duty, But No Penalty: CESTAT

Indirect Taxes

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By Mariya Paliwala
CESTAT

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The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench, has held that shortage of stock detected during departmental inspection can justify confirmation of central excise duty demand, even in the absence of proven clandestine removal. However, the bench of Ashok Jindal (Judicial  Member) has granted relief to the assessee by setting aside the…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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