2007 (11) TMI 483

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..... [Order]. -  The applicant has filed this appeal against the impugned order whereby remission application filed by the appellants was rejected. The appellants are engaged in the manufacture of sugar and during the manufacture of sugar, they are storing the molasses in the steel tanks. Vide letter dated 2-8-2004, the appellants informed the revenue that our steel tank No. 1 is in its final st .....

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..... n respect of the contention of loss noticed in the storage up to 2% in respect of molasses stored in the kuchha pits or steel tanks. The Board has clarified that the loss up to 2% is condonable. In view of the Board circular, I find merit in the contention of appellant as the storage loss is less than 2%. The impugned order is set aside and the appeal is allowed. (Order dictated and pronounced in .....

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