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2010 (8) TMI 349 - AT - Central ExciseDemand – Valuation – Insurance – loss of quantity of goods due to rain, insurance claim for such loss - Adjudicating authority to examine RG-I record and find out whether the stock was existing before the loss by rain and exist after the loss - In the process if the goods had been cleared, levy of excise duty thereon cannot be ignored - without bringing out to the knowledge of the assessee about the appropriate provision of law for taxability of insurance claim under the Excise Law, the compensation cannot be dutiable. - matter remanded back.
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