2013 (11) TMI 236

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..... on the part of the officers of the company that there was no linkage between the inputs written off and sold in auction - department has also not gathered any other evidence to show that the inputs disposed off were different from the one which were written off - the procedure adopted by the appellant is also in accordance with law since during the relevant time if the inputs are cleared as such, .....

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..... r, the balance (difference between the value at which the inputs were sold and the value as per the books) was written off. On the ground that the appellants should have reversed the entire amount of CENVAT credit availed on these inputs and payment on the basis of transaction value is not correct, proceedings were initiated. The proceedings culminated in confirmation of duty demand of Rs.15.75 la .....

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..... tted by the appellants on 14.10.2004 in respect of audit query wherein they had given all the items with part number available, unit value, book value and the price at which the same were sold. I find that there is no discussion about this statement at all. Moreover, I also find that there was no admission on the part of the officers of the company that there was no linkage between the inputs writ .....

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