https://www.taxtmi.com/caselaws?id=82306 Excisable petroleum product losses were required to be assessed on the Board-prescribed monthly basis for evaporation and handling losses, because the recognised method governed condonation and the authorities gave no reasoned basis for departing from it. Duty could not be sustained on the disputed losses where the record did not establish pilferage or wanton negligence, and abnormal daily fluctuations alone were insufficient to reject the monthly computation. The matter was therefore remitted for fresh determination of duty after recomputing loss on the prescribed monthly basis. en-us Fri, 27 May 1983 00:00:00 +0530 Mon, 04 Jul 2011 12:33:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82306 Excisable petroleum product losses were required to be assessed on the Board-prescribed monthly basis for evaporation and handling losses, because the recognised method governed condonation and the authorities gave no reasoned basis for departing from it. Duty could not be sustained on the disputed losses where the record did not establish pilferage or wanton negligence, and abnormal daily fluctuations alone were insufficient to reject the monthly computation. The matter was therefore remitted for fresh determination of duty after recomputing loss on the prescribed monthly basis. Case-Laws Central Excise Fri, 27 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82306