https://www.taxtmi.com/caselaws?id=107629 Remission of duty was unavailable where finished goods destroyed by fire were stored outside the approved premises, even though they remained within the factory; the duty demand therefore followed once the remission claim failed. Penalty, however, required an independent factual basis and was not justified on the circumstances recorded, so it was set aside. The result was partial relief to the assessee, limited to deletion of penalty, while rejection of remission and confirmation of duty were sustained. en-us Fri, 04 Jul 2003 00:00:00 +0530 Fri, 23 Mar 2012 18:17:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107629 Remission of duty was unavailable where finished goods destroyed by fire were stored outside the approved premises, even though they remained within the factory; the duty demand therefore followed once the remission claim failed. Penalty, however, required an independent factual basis and was not justified on the circumstances recorded, so it was set aside. The result was partial relief to the assessee, limited to deletion of penalty, while rejection of remission and confirmation of duty were sustained. Case-Laws Central Excise Fri, 04 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107629