https://www.taxtmi.com/caselaws?id=756302 CESTAT Bangalore allowed appeal by 100% EOU regarding duty remission under Section 23 of Customs Act 1962. Imported goods stored in licensed warehouse were destroyed in fire accident. Insurance company settled claim after investigation confirmed fire was due to unavoidable circumstances. Department conducted Mahazar and verified destroyed goods. Tribunal held that when Assistant/Deputy Commissioner is satisfied imported goods are lost due to unforeseen circumstances, duty demand does not arise. Lack of duty insurance coverage does not establish negligence. Impugned order set aside based on precedent in similar case. en-us Fri, 26 Jul 2024 00:00:00 +0530 Wed, 31 Jul 2024 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756302 CESTAT Bangalore allowed appeal by 100% EOU regarding duty remission under Section 23 of Customs Act 1962. Imported goods stored in licensed warehouse were destroyed in fire accident. Insurance company settled claim after investigation confirmed fire was due to unavoidable circumstances. Department conducted Mahazar and verified destroyed goods. Tribunal held that when Assistant/Deputy Commissioner is satisfied imported goods are lost due to unforeseen circumstances, duty demand does not arise. Lack of duty insurance coverage does not establish negligence. Impugned order set aside based on precedent in similar case. Case-Laws Central Excise Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756302