2014 (1) TMI 163

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..... he activity of manufacture, he would have maintained a proper record of showing consumption of the material and output of such consumption - A prudent businessman would maintain such records and defend his claim before the authorities - In the absence of any records, Prima facie, the appellant has not made out a case in their favour – Appellant is directed to deposit Rupees One lakh as pre-deposit .....

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..... how that they had a stock of material on which credit was availed. The entire argument of the ld. Counsel is on the legality as there is no provision in the notification as well as in the provisions directing SSI for maintaining separate records. In our view, if a person is in the activity of manufacture, he would have maintained a proper record of showing consumption of the material and output of .....

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