1991 (3) TMI 334 - CGOVT - Central Excise

Summary

The revision application was allowed by the Government of India in a case involving transit losses of Raw Naphtha, HSD, D.O., L.D.O. Different products were loaded on the same ship, resulting in losses in some and gains in others. The gains were not initially considered in computing losses. The Government allowed adjustment of gains against losses, following a previous decision, and upheld the condonation of losses to the extent allowed by lower authorities.