https://www.taxtmi.com/caselaws?id=1349 Dip-based volumetric measurement of molasses stored in steel tanks is treated as an appropriate stock-verification method where the tank design supports volumetric assessment. Foam visible on the dip rod must be identified and excluded when calculating net quantity. Industrial and measurement standards recognise dip-based assessment as practical for liquids in tank storage. Objections to dip reading based solely on its alleged inherent unreliability do not displace its use in these circumstances. Where foam allowance has already been factored into the computation, the resulting excess-stock determination may support confiscation and penalty. 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 of molasses stored in steel tanks is treated as an appropriate stock-verification method where the tank design supports volumetric assessment. Foam visible on the dip rod must be identified and excluded when calculating net quantity. Industrial and measurement standards recognise dip-based assessment as practical for liquids in tank storage. Objections to dip reading based solely on its alleged inherent unreliability do not displace its use in these circumstances. Where foam allowance has already been factored into the computation, the resulting excess-stock determination may support confiscation and penalty. Case-Laws Central Excise Thu, 08 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1349