https://www.taxtmi.com/caselaws?id=254100 The High Court upheld the Customs, Excise and Service Tax Appellate Tribunal's decision allowing remission of duty on lost goods under Section 23 of the Customs Act, 1962. The importer's explanation for the loss of goods during transactions was deemed reasonable, making them eligible for remission. The Revenue's challenge to the Tribunal's interpretation of Section 23 was dismissed, affirming the importer's right to remission as per the law. en-us Thu, 21 Nov 2013 00:00:00 +0530 Fri, 12 Dec 2014 09:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254100 The High Court upheld the Customs, Excise and Service Tax Appellate Tribunal's decision allowing remission of duty on lost goods under Section 23 of the Customs Act, 1962. The importer's explanation for the loss of goods during transactions was deemed reasonable, making them eligible for remission. The Revenue's challenge to the Tribunal's interpretation of Section 23 was dismissed, affirming the importer's right to remission as per the law. Case-Laws Customs Thu, 21 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254100