https://www.taxtmi.com/caselaws?id=781241 Warehoused raw sugar imported by an SEZ unit could not be treated as unaccounted merely on an assumption of shortage, where warehouse records, ex-bond clearances, SEZ endorsements, and a credible claim of cyclone or flood loss required proper reconciliation. Goods supported by statutory documents or shown as received in the SEZ had to be treated as accounted for, and any natural loss could be examined for remission. On the facts, diversion to DTA or fraudulent non-accountal was not established, so the duty demand was set aside with remand for fresh quantification, if any. Penalties under sections 117 and 114AA, together with confiscation and redemption fine, were also set aside. en-us Wed, 12 Nov 2025 00:00:00 +0530 Thu, 13 Nov 2025 08:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781241 Warehoused raw sugar imported by an SEZ unit could not be treated as unaccounted merely on an assumption of shortage, where warehouse records, ex-bond clearances, SEZ endorsements, and a credible claim of cyclone or flood loss required proper reconciliation. Goods supported by statutory documents or shown as received in the SEZ had to be treated as accounted for, and any natural loss could be examined for remission. On the facts, diversion to DTA or fraudulent non-accountal was not established, so the duty demand was set aside with remand for fresh quantification, if any. Penalties under sections 117 and 114AA, together with confiscation and redemption fine, were also set aside. Case-Laws Customs Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781241