https://www.taxtmi.com/caselaws?id=343209 The appellant, a government undertaking, challenged an order confirming duty payment and penalty for storage losses of petroleum products exceeding the prescribed limit. The Tribunal found the losses genuine, due to natural causes, and lacking malafides or clandestine removal. Referring to a prior decision, the Tribunal allowed the appeal, emphasizing the need for scrutiny in cases of operational losses. The appellant's status and lack of deliberate evasion supported the decision to set aside the duty demand, highlighting the importance of considering natural causes before imposing penalties. en-us Wed, 26 Apr 2017 00:00:00 +0530 Sat, 20 May 2017 09:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343209 The appellant, a government undertaking, challenged an order confirming duty payment and penalty for storage losses of petroleum products exceeding the prescribed limit. The Tribunal found the losses genuine, due to natural causes, and lacking malafides or clandestine removal. Referring to a prior decision, the Tribunal allowed the appeal, emphasizing the need for scrutiny in cases of operational losses. The appellant's status and lack of deliberate evasion supported the decision to set aside the duty demand, highlighting the importance of considering natural causes before imposing penalties. Case-Laws Central Excise Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343209