2011 (9) TMI 332 - AT - Central Excise

Deduction - Stock-transfer - There is no dispute regarding the sale price - Appellants failed to show any provision of law in support of their claim that the discounts claimed by them are available in respect of the captively consumed goods - As the sale price of the goods is available hence the deductions claimed from the sale price in respect of captively consumed goods are not admissible - Decided against the assessee.

Summary

The appeal was filed against an order confirming demand and imposing penalties. The case involved deductions claimed by the appellants for goods cleared on a stock transfer basis, which were disallowed. The appellants admitted the lapses and failed to provide legal support for their claim. As there was no dispute regarding the sale price, the deductions claimed for captively consumed goods were deemed inadmissible. The appeal was dismissed by the Appellate Tribunal CESTAT, Mumbai.