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Central Excise - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Demand of duty on operational loss in excess of 0.5% - ...

Case Laws     Central Excise

June 28, 2016

Demand of duty on operational loss in excess of 0.5% - permissible limit - business of refining and marketing of Petroleum products - difference between physical stock and the book sock is called operational loss. - no upper limit fixed for operational losses - Demand of duty not correct - AT

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