https://www.taxtmi.com/caselaws?id=3781 Remission of duty on storage loss of molasses cannot be denied merely on an allegation that the assessee failed to take due care and precaution where the loss is established as storage loss and remains within the condonable limit prescribed by the applicable circular. Here, the storage loss was 0.68% and 0.36% for the relevant seasons, both within the 2% condonable threshold. On that basis, the rejection of remission was held unsustainable and relief was granted. en-us Thu, 18 Oct 2007 00:00:00 +0530 Wed, 30 Apr 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3781 Remission of duty on storage loss of molasses cannot be denied merely on an allegation that the assessee failed to take due care and precaution where the loss is established as storage loss and remains within the condonable limit prescribed by the applicable circular. Here, the storage loss was 0.68% and 0.36% for the relevant seasons, both within the 2% condonable threshold. On that basis, the rejection of remission was held unsustainable and relief was granted. Case-Laws Central Excise Thu, 18 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3781