2007 (10) TMI 191

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..... ctively - in terms of CBEC circular No.261/15/82-CX.8 dt.18.7.83, storage loss upto 2% is condonable - losses claimed by the assessee upto 2% cannot be denied for storage loss - impugned orders cannot be sustained and are set aside - E/3784-3785/2005-SM - 1627-1628/2007-SM(BR)(PB), - Dated:- 18-10-2007 - [Order].- 1 . Ld. Advocate submits that the appellants are engaged in the manufactur .....

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..... r the season as stated above. It is not in dispute that there was storage loss of molasses. It is seen that in terms of CBEC circular No.261/15/82-CX.8 dt.18.7.83, storage loss upto 2% is condonable. The Commissioner did not dispute the storage loss but he rejected on the ground that the appellants have not taken due care and precaution to prevent mishandling of molasses. It is well settled by .....

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