https://www.taxtmi.com/caselaws?id=753596 Accidental destruction of goods lawfully brought into a Special Economic Zone before clearance for home consumption permits customs duty remission where the loss is established. Such loss does not, by itself, amount to unauthorised use, diversion, or failure to account for goods under the SEZ framework. Warehouse-bonded goods provisions do not govern this SEZ treatment. Duty must be confined to the actual loss supported by contemporaneous reporting, SEZ verification, and insurance assessment; a demand based on the entire stock present at the time of the fire lacks support without evidence that the whole inventory was destroyed. en-us Wed, 05 Jun 2024 00:00:00 +0530 Wed, 05 Jun 2024 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753596 Accidental destruction of goods lawfully brought into a Special Economic Zone before clearance for home consumption permits customs duty remission where the loss is established. Such loss does not, by itself, amount to unauthorised use, diversion, or failure to account for goods under the SEZ framework. Warehouse-bonded goods provisions do not govern this SEZ treatment. Duty must be confined to the actual loss supported by contemporaneous reporting, SEZ verification, and insurance assessment; a demand based on the entire stock present at the time of the fire lacks support without evidence that the whole inventory was destroyed. Case-Laws Customs Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753596