Warehousing of Petroleum products under central excise - storage ...

Petroleum Storage Loss Limit Set at 0.5% Under Central Excise Rules; No Cross-Tank Offsetting Allowed.

September 18, 2012

Case Laws Central Excise CGOVT

Warehousing of Petroleum products under central excise - storage loss beyond - limit of 0.5% - No set off of a gain or loss in a tank is permitted against the loss or gain in another tank - CGOVT

View Source

← Previous Next →

Warehousing of Petroleum products under central excise - storage ...

Petroleum Storage Loss Limit Set at 0.5% Under Central Excise Rules; No Cross-Tank Offsetting Allowed.

September 18, 2012

Case Laws Central Excise CGOVT

You may also like:

Constitutional Validity - West Bengal Excise (Change in Management) Rules, 2009 - Changes in the Board of Directors - The inevitable conclusion must be that clause (d)...

Refund of CENVAT Credit - time limitation - Rule 5 of CENVAT Credit Rules itself clearly specifying that such refund claims would be subject to “such safeguards,...

Revocation of registration under Central Excise - Revocation of registration, not provided for in Central Excise Rules, 2002 and only in exercise of power of Central...

Penalty on directors - Rule 26 of the Central Excise Rules - Rule 26 is prima facie in excess of the Rule making power conferred under the Central Excise Act, 1944 - HC

Prima facie tax is payable on storage and warehousing from refineries to storage tanks and connecting pipeline to storage tank of SPIC comply - AT

CESTAT allowed appeal concerning CENVAT credit on Smart-Cards sent to STB manufacturer for testing and pairing. Tribunal held appellant was not required to reverse...

Refund of unutilized Cenvat credit - Other than Rule 5 of Cenvat Credit Rules, there is no other provision either in Cenvat Credit Rules, 2004 or in Central Excise...

Pronouncement of orders not within 90 days - Covid-19 epidemic - Even without the words “ordinarily”, in the light of the above analysis of the legal position, the...

Confiscation of land, buildings etc. - invocation of powers under Rule 173(Q)(2) of Central Excise Rules, 1944 on 26.03.2007 and 29.03.2007 for confiscation of land,...

Method of Valuation - prototype vehicles - goods cleared from the factory on payment of duty under self invoice on the comparable value of the similar vehicle applying...

Input Tax Credit - evaporation/handling losses of the petroleum products - There would be no ITC for tax paid on the goods specified in Schedule E when used or disposed...

Correctness of erasure of credit already availed by prospective invalidation of eligibility for retention of credit that would subject those services already procured...

Provision of facilities/amenities by units under Rule 11(5) of the SEZ Rules

Refund of CENVAT Credit under rule 5 of the CENVAT Credit Rules, 2004 - Notification

Deduction u/s. 80IA(4)(i) on storage tank MDI and storage tank EDA - By affirming the eligibility for deductions u/s 80IA(4) for the specialized storage tanks, the...

Quick Updates: