https://www.taxtmi.com/caselaws?id=72899 Where oil cargo is discharged continuously and grades may mix during discharge, shortage for penalty under Section 116 of the Customs Act must be assessed on a reasonable parcel-wise basis rather than by aggregating all grades together. On that method, the loss remained within the permitted 1% wastage allowance, so penalty could not be sustained. The penalty orders were set aside and refund of the penalty amount was directed. en-us Fri, 27 May 1983 00:00:00 +0530 Wed, 25 May 2011 17:06:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72899 Where oil cargo is discharged continuously and grades may mix during discharge, shortage for penalty under Section 116 of the Customs Act must be assessed on a reasonable parcel-wise basis rather than by aggregating all grades together. On that method, the loss remained within the permitted 1% wastage allowance, so penalty could not be sustained. The penalty orders were set aside and refund of the penalty amount was directed. Case-Laws Customs Fri, 27 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72899