Condonation of Transit Losses for Butadiene: Up to 0.30% Allowed Under Chapter X Procedure, Duty Applicable Beyond Limit.
The circular addresses issues related to the condonation of transit losses of Butadiene procured under Chapter X procedure. The Board, after consulting with relevant authorities, has decided that transit losses up to a maximum of 0.30% can be condoned regardless of the transportation method. If losses exceed this limit, the refinery must pay duty at the appropriate rate. This decision aims to standardize the handling of such losses across various Collectorates.
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