Central Excise - Mineral Oil Product - Criterion to be adopted for the purposes of computation of transit loss and storage loss-regarding

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..... - Mineral Oil Product - Criterion to be adopted for the purposes of computation of transit loss and storage loss-regarding. The Budget of 1994 brought forth ad voleram rate of duty on various mineral oil products which were earlier chargeable to specific rate of duty on the basis of per K.L. at 15 degree centigrade. In light of aforesaid change, Representations have been received from the field .....

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..... sing points. 3. Accordingly, I am directed to say that the computation of storage and transit losses with regard to mineral oil products should be done at 15 degree centigrade instead of the same being calculated at Natural Atmospheric Temperature. 4. All pending cases may be decided in light of he aforesaid clarification. Sd/- (Mallika Arya) Under Secretary to the Govt. of India
Circular .....

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