https://www.taxtmi.com/caselaws?id=122150 After invoices became the statutory duty-paying document from 1 April 1994, duty on petroleum products cleared from bonded storage tanks had to be determined on the basis of consignment-wise invoices, not periodic out-turn reports. The out-turn report was treated as a warehouse-level accounting and loss-monitoring statement, not a consignment-specific document capable of displacing the invoice for duty assessment. The earlier view treating out-turn figures as the basis was distinguished on the facts, and duty was assessed on the invoiced quantity and value, resulting in the department's appeal succeeding. en-us Thu, 23 Nov 2006 00:00:00 +0530 Wed, 08 Aug 2012 18:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122150 After invoices became the statutory duty-paying document from 1 April 1994, duty on petroleum products cleared from bonded storage tanks had to be determined on the basis of consignment-wise invoices, not periodic out-turn reports. The out-turn report was treated as a warehouse-level accounting and loss-monitoring statement, not a consignment-specific document capable of displacing the invoice for duty assessment. The earlier view treating out-turn figures as the basis was distinguished on the facts, and duty was assessed on the invoiced quantity and value, resulting in the department's appeal succeeding. Case-Laws Central Excise Thu, 23 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122150