https://www.taxtmi.com/caselaws?id=1349 Dip-based volumetric measurement was treated as appropriate for molasses stored in steel tanks, because the storage system was designed for liquid volume assessment and the relevant standards contemplated that method. The note records that stock verification was carried out with a dip rod, that visible foam was identified and excluded in computing net quantity, and that the objection to dip reading as inherently unreliable was rejected on that factual basis. The resulting excess stock finding was sustained, with consequential confiscation and penalty noted as following from that computation. en-us Thu, 08 Feb 2007 00:00:00 +0530 Mon, 14 Apr 2008 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1349 Dip-based volumetric measurement was treated as appropriate for molasses stored in steel tanks, because the storage system was designed for liquid volume assessment and the relevant standards contemplated that method. The note records that stock verification was carried out with a dip rod, that visible foam was identified and excluded in computing net quantity, and that the objection to dip reading as inherently unreliable was rejected on that factual basis. The resulting excess stock finding was sustained, with consequential confiscation and penalty noted as following from that computation. Case-Laws Central Excise Thu, 08 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1349