https://www.taxtmi.com/caselaws?id=291729 Transit loss of volatile petroleum products moving from a refinery to a bonded warehouse was treated as partly inevitable, and loss up to 1% was regarded as condonable under the Board's circular dated 30.10.1985. The earlier withdrawal of the general warehousing provision did not displace the export warehousing facility for petroleum products, and prior decisions were relied on to support the same treatment. Duty demand was therefore not sustainable to the extent of the condonable loss, and the assessee obtained relief on that limited issue. en-us Wed, 12 Dec 2018 00:00:00 +0530 Mon, 23 Jun 2025 12:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291729 Transit loss of volatile petroleum products moving from a refinery to a bonded warehouse was treated as partly inevitable, and loss up to 1% was regarded as condonable under the Board's circular dated 30.10.1985. The earlier withdrawal of the general warehousing provision did not displace the export warehousing facility for petroleum products, and prior decisions were relied on to support the same treatment. Duty demand was therefore not sustainable to the extent of the condonable loss, and the assessee obtained relief on that limited issue. Case-Laws Central Excise Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291729