https://www.taxtmi.com/caselaws?id=355262 The Tribunal allowed the appeal, overturning the Order-in-Original that denied remission of Central Excise duty for storage loss of Molasses. The Tribunal held that the reported loss was less than 2%, making it condonable as per the applicable Circular. It emphasized that the loss percentage, not tank-wise discrepancies, determined admissibility for remission. Consequently, the Tribunal set aside the original order and granted the appellants the remission of duty, emphasizing compliance with Circular provisions in assessing storage loss condonability for excise duty remission applications. en-us Fri, 03 Nov 2017 00:00:00 +0530 Tue, 13 Feb 2018 06:15:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355262 The Tribunal allowed the appeal, overturning the Order-in-Original that denied remission of Central Excise duty for storage loss of Molasses. The Tribunal held that the reported loss was less than 2%, making it condonable as per the applicable Circular. It emphasized that the loss percentage, not tank-wise discrepancies, determined admissibility for remission. Consequently, the Tribunal set aside the original order and granted the appellants the remission of duty, emphasizing compliance with Circular provisions in assessing storage loss condonability for excise duty remission applications. Case-Laws Central Excise Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355262