2018 (2) TMI 902

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..... ficers liability - credit allowed. Marine insurance policy - Held that: - no argument has been extended in the grounds of appeal - In absence of any argument, the appeal cannot be allowed. Appeal allowed in part. - E/85068/17-Mum, E/CO/91028/17-Mum - A/91710/2017 - Dated:- 29-12-2017 - Mr. Raju, Member (Technical) Ms. Mansi Patil, Advocate, for appellant Shri S.J. Sahu, Assist .....

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..... been held to be inadmissible. Thus there is apparent contradiction in the order. She pointed out that no reasons have been granted for holding it ineligible while there are reasons recorded in the order for holding it admissible. 2.1 Learned counsel further argued that the appellant is entitled to the credit on marine insurance policy which covers the goods after the same are removed from the f .....

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..... a 8.1 clearly holds that the credit of insurance for directors and supervisory officers liability is admissible relying on the decision of the Tribunal in Surani Ceramics (supra), but in para 10, without giving any reason, it holds that the credit is not admissible. I find that it is only a clerical error as no reason has been recorded for disallowing the credit. The credit in respect of insur .....

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