https://www.taxtmi.com/caselaws?id=82624 Rule 49 of the Central Excise Rules, 1944 provided a statutory remission where excisable goods became unfit for human consumption, subject to conditions imposed by the Collector. A bond executed for storage in kutchha pits, taken in the context of statutory permission, could not override or exclude that remission entitlement. Contract-law principles under Section 56 of the Indian Contract Act, 1872 were treated as inapplicable to displace the excise remission scheme. The earlier tribunal view was followed, and the assessee's claim to remission was upheld. en-us Fri, 09 Jul 1993 00:00:00 +0530 Wed, 06 Jul 2011 13:14:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82624 Rule 49 of the Central Excise Rules, 1944 provided a statutory remission where excisable goods became unfit for human consumption, subject to conditions imposed by the Collector. A bond executed for storage in kutchha pits, taken in the context of statutory permission, could not override or exclude that remission entitlement. Contract-law principles under Section 56 of the Indian Contract Act, 1872 were treated as inapplicable to displace the excise remission scheme. The earlier tribunal view was followed, and the assessee's claim to remission was upheld. Case-Laws Central Excise Fri, 09 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82624