https://www.taxtmi.com/caselaws?id=212222 The Tribunal allowed the appellant's appeal for remission of duty on finished goods and work-in-progress lost in a flood. Relying on the Grasim Industries case, the Tribunal held that remission was permissible without reversing credits on inputs used in manufacturing. It distinguished previous decisions and clarified that work-in-progress goods were eligible for remission. The Tribunal interpreted terms based on common understanding and concluded that both work-in-progress and semi-finished goods referred to goods not yet finalized. As a result, the impugned order was set aside, granting the appellant's claim for remission of duty on the lost goods. en-us Tue, 03 May 2011 00:00:00 +0530 Wed, 12 Jun 2013 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212222 The Tribunal allowed the appellant's appeal for remission of duty on finished goods and work-in-progress lost in a flood. Relying on the Grasim Industries case, the Tribunal held that remission was permissible without reversing credits on inputs used in manufacturing. It distinguished previous decisions and clarified that work-in-progress goods were eligible for remission. The Tribunal interpreted terms based on common understanding and concluded that both work-in-progress and semi-finished goods referred to goods not yet finalized. As a result, the impugned order was set aside, granting the appellant's claim for remission of duty on the lost goods. Case-Laws Central Excise Tue, 03 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212222