https://www.taxtmi.com/caselaws?id=430172 The Tribunal overturned the duty demand, penalty, and rejection of remission claim imposed on the appellant, a manufacturer of Ayurvedic medicines, following a fire incident that led to the loss of finished goods. The Tribunal found the loss was due to an unavoidable accident caused by sparks from a transformer during stormy weather, absolving the appellant of negligence. Consequently, the appellant was granted remission under Rule 21 of the Central Excise Rules, leading to the revocation of the duty demand and penalty. en-us Thu, 03 Nov 2022 00:00:00 +0530 Mon, 14 Nov 2022 09:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430172 The Tribunal overturned the duty demand, penalty, and rejection of remission claim imposed on the appellant, a manufacturer of Ayurvedic medicines, following a fire incident that led to the loss of finished goods. The Tribunal found the loss was due to an unavoidable accident caused by sparks from a transformer during stormy weather, absolving the appellant of negligence. Consequently, the appellant was granted remission under Rule 21 of the Central Excise Rules, leading to the revocation of the duty demand and penalty. Case-Laws Central Excise Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430172