https://www.taxtmi.com/caselaws?id=106529 Excisable molasses permitted for storage in kutcha pits were treated as duty-paid goods because duty had to be paid first at the rate applicable on the date of removal. A later refund claim failed where the assessee had not sought provisional assessment, had not challenged the condition requiring prepayment, and could not recast a final duty payment as a provisional deposit through later correspondence. The fact that the goods were subsequently sold at a lower price did not create a refundable entitlement, and rules governing storage without payment of duty were inapplicable because the goods were not stored under bond. en-us Tue, 29 Oct 2002 00:00:00 +0530 Wed, 14 Mar 2012 16:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106529 Excisable molasses permitted for storage in kutcha pits were treated as duty-paid goods because duty had to be paid first at the rate applicable on the date of removal. A later refund claim failed where the assessee had not sought provisional assessment, had not challenged the condition requiring prepayment, and could not recast a final duty payment as a provisional deposit through later correspondence. The fact that the goods were subsequently sold at a lower price did not create a refundable entitlement, and rules governing storage without payment of duty were inapplicable because the goods were not stored under bond. Case-Laws Central Excise Tue, 29 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106529