https://www.taxtmi.com/caselaws?id=456488 Imported goods destroyed in a factory fire before clearance for home consumption were eligible for customs duty remission under section 23(1) of the Customs Act, 1962, because the goods had been lost or destroyed otherwise than by pilferage and the department did not dispute the accident. The objection that the goods were not insured did not defeat the statutory entitlement to remission. Reliance on precedents involving similar fire-loss situations supported the assessee's claim, and the customs duty demand could not survive. en-us Tue, 31 Oct 2023 00:00:00 +0530 Mon, 29 Jul 2024 20:13:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456488 Imported goods destroyed in a factory fire before clearance for home consumption were eligible for customs duty remission under section 23(1) of the Customs Act, 1962, because the goods had been lost or destroyed otherwise than by pilferage and the department did not dispute the accident. The objection that the goods were not insured did not defeat the statutory entitlement to remission. Reliance on precedents involving similar fire-loss situations supported the assessee's claim, and the customs duty demand could not survive. Case-Laws Customs Tue, 31 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456488