https://www.taxtmi.com/caselaws?id=265590 The Tribunal ruled in favor of the appellant, setting aside the duty demand on the insurance claim for the damaged gear box. The Tribunal held that duty is not applicable on the insurance amount as the gear box was neither sold nor deemed to be sold, in accordance with Section 4 of the Central Excise Act, 1944. Consequently, the appellant was provided with consequential relief, clarifying the requirement for goods to be sold or deemed to be sold for duty imposition under the Act. en-us Tue, 07 Jul 2015 00:00:00 +0530 Mon, 22 Feb 2016 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265590 The Tribunal ruled in favor of the appellant, setting aside the duty demand on the insurance claim for the damaged gear box. The Tribunal held that duty is not applicable on the insurance amount as the gear box was neither sold nor deemed to be sold, in accordance with Section 4 of the Central Excise Act, 1944. Consequently, the appellant was provided with consequential relief, clarifying the requirement for goods to be sold or deemed to be sold for duty imposition under the Act. Case-Laws Central Excise Tue, 07 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265590