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        Central Excise

        Condonation limit for storage loss, handling loss and transit loss in respect of Natural Gasoline Liquid (NGL) - regarding.

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        Cumulative loss allowance for NGL evaporation permitted, subject to monthly adjustment and a prescribed ceiling on allowable shrinkage. The Board recognises that Natural Gasoline Liquid (NGL) incurs evaporative and handling losses during loading, unloading, transportation and storage and prescribes a cumulative loss allowance to cover storage, transit and handling losses collectively, subject to a maximum ceiling and monthly adjustments and determinations of loss.
                          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.

                                Cumulative loss allowance for NGL evaporation permitted, subject to monthly adjustment and a prescribed ceiling on allowable shrinkage.

                                The Board recognises that Natural Gasoline Liquid (NGL) incurs evaporative and handling losses during loading, unloading, transportation and storage and prescribes a cumulative loss allowance to cover storage, transit and handling losses collectively, subject to a maximum ceiling and monthly adjustments and determinations of loss.


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