https://www.taxtmi.com/caselaws?id=208440 Excess storage loss in petroleum products was not condonable beyond the prescribed limit, and refinery storage loss could not be set off against terminal storage gain because no provision permitted such adjustment; the claim was rejected. Where warehoused excisable goods were not accounted for in accordance with the warehousing conditions, duty deferred by the warehousing arrangement became recoverable together with interest; interest on the duty demand was held payable. The lower authorities' orders confirming duty and interest were upheld, and the revision failed in entirety. en-us Wed, 24 Feb 2010 00:00:00 +0530 Tue, 17 Jan 2012 07:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208440 Excess storage loss in petroleum products was not condonable beyond the prescribed limit, and refinery storage loss could not be set off against terminal storage gain because no provision permitted such adjustment; the claim was rejected. Where warehoused excisable goods were not accounted for in accordance with the warehousing conditions, duty deferred by the warehousing arrangement became recoverable together with interest; interest on the duty demand was held payable. The lower authorities' orders confirming duty and interest were upheld, and the revision failed in entirety. Case-Laws Central Excise Wed, 24 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208440