Loss in transit

Dear Ravi,

You need to apply for remission of duty in your local excise range.

Regards

If inputs are stolen, cenvat is required to be reversed. No remission can be granted as theft is not unavoidable accident.

dear 

as per rule 21 remission of duty is availabe only before clearence of goods from factory

since goods are  lost by theft while they are in transit hence no remission of duty is permissiable.

so far as the amount of duty not paid by the seller will be considered as personal expenses of assessee and charged to p&l a/c.

Agree with Mr. Harish