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Central Excise - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Remission of duty - destruction of indigenous / imported raw ...


Insurance Reimbursement for Destroyed Raw Materials Removes Need for Duty Remission Request Under Current Rules.

June 28, 2016

Case Laws     Central Excise     AT

Remission of duty - destruction of indigenous / imported raw material due to fire - If the duty element is also required to be insured and reimbursed by the insurance company, then there is no need for the assessee to ask for remission of duty in which case the provision of remission of duty would become redundant. - AT

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