Excise exemption for steel wires: qualification depends on duty paid on inputs, not on intermediate product classification. Wires made from wire rods traceable to billets that have paid appropriate excise duty qualify for the input exemption; the qualification depends on payment of appropriate duty on the raw or semifinished inputs rather than on the mere classification of intermediate semifinished products, and pending proceedings are to be disposed of in accordance with that ratio.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excise exemption for steel wires: qualification depends on duty paid on inputs, not on intermediate product classification.
Wires made from wire rods traceable to billets that have paid appropriate excise duty qualify for the input exemption; the qualification depends on payment of appropriate duty on the raw or semifinished inputs rather than on the mere classification of intermediate semifinished products, and pending proceedings are to be disposed of in accordance with that ratio.
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