Divergence among the Central Excise Collectorates in the matter of condonation of storage and handling losses of petroleum products in a refinery and in the method of determining the Quantities of petroleum products for the purpose of accountal in statutory Central Excise records

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Divergence among the Central Excise Collectorates in the matter of condonation of storage and handling losses of petroleum products in a refinery and in the method of determining the Quantities of petroleum products for the purpose of accountal in statutory Central Excise records

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....matter of condonation of storage and handling losses of petroleum products in a refinery and in the method of determining the Quantities of petroleum products for the purpose of accountal in statutory Central Excise records Circular No. 55/89-CX.8 Dated 15-12-1989 [From F. No. 261/27/9/89-CX.8] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Divergence am....

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....ineries as well as marketing installations must be measured both before and after each operation of either receipt into or discharge of oil from the tanks. The difference noticed in the dip readings measured between two operations should constitute the storage loss. 3. The handling losses on the other hand would mean those losses which takes place in the course of discharge of petroleum products ....

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Divergence among the Central Excise Collectorates in the matter of condonation of storage and handling losses of petroleum products in a refinery and in the method of determining the Quantities of petroleum products for the purpose of accountal in statutory Central Excise records