CESTAT allows remission of duty on goods destroyed in a fire incident

Sun Pharmaceuticals Industries Ltd Vs C.C.E. & S.T (CESTAT Ahmedabad) The Customs, Excise, Service Tax Appellate Tribunal (CESTAT), Ahmedabad, in a recent judgement, allowed Sun Pharmaceuticals Industries Ltd to apply for a remission of duty on goods that were destroyed due to an accidental fire. The tribunal held that the company had complied with all necessary procedures and was entitled to a remission of duty on the finished goods. Sun Pharmaceuticals had applied for the remission of duty on the destroyed goods following a fire in their factory. The adjudicating authority rejected the r...