Duty remission for natural loss in warehoused volatile goods applies only to notified goods under storage conditions. Duty may be remitted on warehoused goods found deficient in quantity at delivery where the deficiency results from natural loss. The remission power lies with the Assistant Commissioner of Customs or Deputy Commissioner of Customs. The provision applies only to goods notified by the Central Government, having regard to their volatility and the manner of storage.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duty remission for natural loss in warehoused volatile goods applies only to notified goods under storage conditions.
Duty may be remitted on warehoused goods found deficient in quantity at delivery where the deficiency results from natural loss. The remission power lies with the Assistant Commissioner of Customs or Deputy Commissioner of Customs. The provision applies only to goods notified by the Central Government, having regard to their volatility and the manner of storage.
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