https://www.taxtmi.com/caselaws?id=82307 The Tribunal ruled in favor of the appellants in both appeals, emphasizing the importance of applying the Quarterly Balancing System to prevent undue taxation and hardships faced by the parties involved. The judgments highlight the need to consider the underlying principles of tax regulations and instructions from authorities in resolving disputes related to transit losses and duty liabilities. The Appellate Collector's decisions were overturned, and the Tribunal directed reassessment of the appellants' liability using the Quarterly Balancing System in both cases. en-us Fri, 03 Jun 1983 00:00:00 +0530 Mon, 04 Jul 2011 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82307 The Tribunal ruled in favor of the appellants in both appeals, emphasizing the importance of applying the Quarterly Balancing System to prevent undue taxation and hardships faced by the parties involved. The judgments highlight the need to consider the underlying principles of tax regulations and instructions from authorities in resolving disputes related to transit losses and duty liabilities. The Appellate Collector's decisions were overturned, and the Tribunal directed reassessment of the appellants' liability using the Quarterly Balancing System in both cases. Case-Laws Central Excise Fri, 03 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82307