Relief to Steel Authority of India: CESTAT quashes Excise Duty Demand on Differential Value of Stock of Finished or Semi-Finished Goods [Read Order]

By Kalyani B. Nair - On May 27, 2023 1:30 pm - 2 mins read
Relief to Steel Authority of India - CESTAT quashes Excise Duty Demand - Differential Value of Stock - Finished or Semi-Finished Goods - CESTAT - Taxscan

In a major relief to the Steel Authority of India, the Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed the excise duty demand on differential value of stock of finished or semi-finished goods. In the present appeal, the department found various differences in the physical stock of finished/semi-finished goods shown…

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