2014 (6) TMI 483

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..... destine manufacture and sale of the goods. Prima facie, the claim of the ld. Counsel that the excess sales was shown in balance sheet for availing additional overdraft from bank seems to be supported by the certificate of the Chartered Accountant. At this juncture, we find that demand of the excise duty can be only on the goods manufactured and cleared from registered premises by an assessee which .....

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..... 2. Heard both sides and perused the records. 3. On perusal of the records, it is seen that the adjudicating authority has confirmed the demands raised with interest and penalties have been imposed on the appellant; on the ground that the appellant has not discharged the differential Central Excise duty on the sales income as shown in the balance sheet. We find from the entir .....

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