https://www.taxtmi.com/caselaws?id=3099 Insurance receipts for sugar destroyed in an accidental factory fire were not treated as the transaction value for central excise duty where remission had already been granted on the basis that the loss was due to an unavoidable accident and not negligence. The revenue's attempt to sustain the duty demand on the destroyed quantity failed because no specific provision supported valuing the lost goods by reference to the insurance amount. The remission order displaced the duty demand, leaving the demand unsustainable. en-us Mon, 01 Oct 2007 00:00:00 +0530 Wed, 16 Apr 2008 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3099 Insurance receipts for sugar destroyed in an accidental factory fire were not treated as the transaction value for central excise duty where remission had already been granted on the basis that the loss was due to an unavoidable accident and not negligence. The revenue's attempt to sustain the duty demand on the destroyed quantity failed because no specific provision supported valuing the lost goods by reference to the insurance amount. The remission order displaced the duty demand, leaving the demand unsustainable. Case-Laws Central Excise Mon, 01 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3099