1991 (2) TMI 148 - CGOVT - Central Excise

Summary

The judgment pertains to the storage of spoiled molasses by appellants, leading to a demand for duty. The Collector (Appeals) directed quantification of duty at the prevalent rate and condonation of losses by 2%. The Government granted full remission of duty under Rule 49, citing the molasses' unsuitability for consumption. The decision was influenced by precedents like M/s. Yashwant S.S.K. Ltd. v. Collector of Central Excise.