https://www.taxtmi.com/caselaws?id=105539 Where excisable goods are destroyed by fire, remission under Rule 49 of the Central Excise Rules, 1944 depends on satisfactory proof of destruction and the extent of loss shown by contemporaneous records. Here, the assessee produced accident intimation, salvage reports, RG-1 records and supporting invoices, while the rejection of remission rested only on an unsupported comparison with the insurance claim. Remission was therefore admissible for the quantity burnt to ashes. Once remission was allowed, the related duty demand, Modvat reversal, penalty under Section 11AC and interest under Section 11AB could not survive on the same goods. en-us Wed, 28 Nov 2001 00:00:00 +0530 Tue, 06 Mar 2012 11:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105539 Where excisable goods are destroyed by fire, remission under Rule 49 of the Central Excise Rules, 1944 depends on satisfactory proof of destruction and the extent of loss shown by contemporaneous records. Here, the assessee produced accident intimation, salvage reports, RG-1 records and supporting invoices, while the rejection of remission rested only on an unsupported comparison with the insurance claim. Remission was therefore admissible for the quantity burnt to ashes. Once remission was allowed, the related duty demand, Modvat reversal, penalty under Section 11AC and interest under Section 11AB could not survive on the same goods. Case-Laws Central Excise Wed, 28 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105539