Home Case Index All Cases Central Excise Central Excise + HC Central Excise - 2011 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (2) TMI 1159 - BOMBAY HIGH COURTTransit loss adjustment - as per Circular No. 663, dated 23-9-2002 the loss can be condoned only if the loss incurred in respect of each type of the petroleum product is within the prescribed limit and not by setting off the loss in one product from the gains recovered in the other product - Held that:- Government of India in the Assessee’s own case [1991 (3) TMI 334 - GOVERNMENT OF INDIA] held that the adjustment of transit gains against transit losses are permissible - this is a fit case to grant full waiver. Decided in favor of the assessee
|