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

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

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…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
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.

Latest articles

SARFAESI Pre-Deposit Not Mandatory for Appeals Against Purely Procedural DRT Orders: Bombay High Court

The Bombay High Court has held that the requirement of pre-deposit under Section 18...

Leave Encashment Earned During Central Government Service Eligible for Full Tax Exemption: CIT(A) [READ ORDER]

A significant relief has been granted to a retired Bharat Sanchar Nigam Limited (BSNL)...

Cabinet Approves Repatriation of IRS Officer Manoj Kumar to Parent Cadre on Personal Grounds

The Appointments Committee of the Cabinet (ACC) has approved the repatriation of Shri Manoj...

More like this

SARFAESI Pre-Deposit Not Mandatory for Appeals Against Purely Procedural DRT Orders: Bombay High Court

The Bombay High Court has held that the requirement of pre-deposit under Section 18...

Leave Encashment Earned During Central Government Service Eligible for Full Tax Exemption: CIT(A) [READ ORDER]

A significant relief has been granted to a retired Bharat Sanchar Nigam Limited (BSNL)...