Transit loss condonation for butadiene allows limited loss without duty, excess loss requires the refinery to pay duty. Transit losses of butadiene under the Chapter X procedure may be condoned up to a maximum limit of 0.30% irrespective of the mode of transportation; losses beyond that limit attract duty payable by the refinery at the appropriate rate, following consultation with technical authorities.
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Provisions expressly mentioned in the judgment/order text.
Transit loss condonation for butadiene allows limited loss without duty, excess loss requires the refinery to pay duty.
Transit losses of butadiene under the Chapter X procedure may be condoned up to a maximum limit of 0.30% irrespective of the mode of transportation; losses beyond that limit attract duty payable by the refinery at the appropriate rate, following consultation with technical authorities.
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