Storage of non-duty paid goods: first in first out, external warehouses under authority control, and duty secured with liability for loss. Where permission is given to store non-duty paid excisable goods outside factory premises, clearances must follow a first in first out regime, the outside godown must be under the physical control of excise authorities on a cost recovery basis, and the duty must be secured with the assessee unconditionally liable for duty in case of pilferage, damage, or 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.
Storage of non-duty paid goods: first in first out, external warehouses under authority control, and duty secured with liability for loss.
Where permission is given to store non-duty paid excisable goods outside factory premises, clearances must follow a first in first out regime, the outside godown must be under the physical control of excise authorities on a cost recovery basis, and the duty must be secured with the assessee unconditionally liable for duty in case of pilferage, damage, or loss.
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