https://www.taxtmi.com/caselaws?id=234381 Customs duty, interest and penalty on an alleged shortage of imported raw cotton were held unsustainable where the shortage was explained by permissible weight variation due to moisture gain or loss. The goods had been imported under bond for manufacture of export goods and were covered by exemption notifications. In the absence of evidence that the raw cotton was diverted, not used in manufacture, or clandestinely cleared, exemption could not be denied merely because a shortage was recorded. The demand was set aside. en-us Tue, 05 Mar 2013 00:00:00 +0530 Fri, 16 Aug 2013 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234381 Customs duty, interest and penalty on an alleged shortage of imported raw cotton were held unsustainable where the shortage was explained by permissible weight variation due to moisture gain or loss. The goods had been imported under bond for manufacture of export goods and were covered by exemption notifications. In the absence of evidence that the raw cotton was diverted, not used in manufacture, or clandestinely cleared, exemption could not be denied merely because a shortage was recorded. The demand was set aside. Case-Laws Customs Tue, 05 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234381