https://www.taxtmi.com/caselaws?id=32112 Rule 21 remission of excise duty applies where goods are shown to have been lost or destroyed by natural causes or unavoidable accident, and that expression must be construed reasonably in the context of commercial storage and handling. On the facts recorded by the Tribunal, the losses in open storage and during handling were found reasonable, with no tangible evidence of clandestine removal; that factual satisfaction supported remission. The reference to accounting policy did not displace the finding that the statutory conditions for remission were met, so the Revenue's challenge failed. en-us Mon, 13 Oct 2008 00:00:00 +0530 Thu, 15 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32112 Rule 21 remission of excise duty applies where goods are shown to have been lost or destroyed by natural causes or unavoidable accident, and that expression must be construed reasonably in the context of commercial storage and handling. On the facts recorded by the Tribunal, the losses in open storage and during handling were found reasonable, with no tangible evidence of clandestine removal; that factual satisfaction supported remission. The reference to accounting policy did not displace the finding that the statutory conditions for remission were met, so the Revenue's challenge failed. Case-Laws Central Excise Mon, 13 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32112