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Central Excise - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

CENVAT/MODVAT credit - shortage of stock - It is a clear case of ...


Appellant Faces Demand for Misuse of CENVAT/MODVAT Credit by Concealing Stock Shortages and Manipulating Balances.

February 6, 2018

Case Laws     Central Excise     HC

CENVAT/MODVAT credit - shortage of stock - It is a clear case of suppression of facts where the appellant has deliberately adjusted the shortage, as if it was used in the manufacture of final products, at the end of every month and created fresh opening balance at every month, without making reversal of credit on the shortage of inputs - demand confirmed - HC

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