2008 (2) TMI 404

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..... ts as shortage and written off in the balance sheet. So, that shows that the goods are not available and it has not been used for in or in relation to manufacture of any excisable goods. Rule 57-I provides for recovery f credit wrongly availed or utilised in irregular manner. Hence, in respect of the goods, which are found shortage and written off in the books of account on which credit has been t .....

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..... nd supply of solenoid valves falling under the Chapter 84 of the Central Excise Tariff Act, 1985. The Officer of the Excise Department conducted a verification of records and found that the petitioner has not reversed the credit availed on the inputs which were declared to be shortages and which were written off in their books for the years 1994-95 to 1998-99 and the value of which was Rs.13,36,13 .....

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..... h credit has been taken, is sought to be reversed and in default of the same, penal consequences are taken against the petitioner. In the above said factual circumstances of the case, we do not find any question of law so as to direct the Tribunal to draw a statement of facts and refer the question to the High Court for resolution. The contention that the authorities have taken a different view in .....

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