https://www.taxtmi.com/caselaws?id=216649 The Government upheld the Order-in-Appeal regarding storage loss beyond the permissible limit of 0.5%. The Revision Application by M/s. Indian Oil Corporation Ltd. was rejected due to the lack of merit, as losses exceeding the limit were not adequately justified. The decision emphasized adherence to prescribed limits and guidelines in determining duty liability for storage losses, ultimately confirming the demand on losses exceeding the threshold. en-us Thu, 07 Jul 2011 00:00:00 +0530 Fri, 07 Sep 2012 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216649 The Government upheld the Order-in-Appeal regarding storage loss beyond the permissible limit of 0.5%. The Revision Application by M/s. Indian Oil Corporation Ltd. was rejected due to the lack of merit, as losses exceeding the limit were not adequately justified. The decision emphasized adherence to prescribed limits and guidelines in determining duty liability for storage losses, ultimately confirming the demand on losses exceeding the threshold. Case-Laws Central Excise Thu, 07 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216649