Credit of money scheme for use of minor oils in the manufacture of vanaspati - Whether til oil is eligible for the benefit under Notification No. 27/87-C.E., as amended - Clarification regarding
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Credit of money scheme: til oil excluded from credit-taking; credit utilisable for duty subject to per tonne ceiling, no weight deduction. Til oil, added after hydrogenation, is not eligible for taking credit under the Credit of Money Scheme. Credit lawfully earned may be utilised toward duty payment subject to the notification's utilisation ceiling; excess credit is not refundable or transferable. For purposes of utilisation the til oil component must not be deducted from the total weight of vanaspati.
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.
Credit of money scheme: til oil excluded from credit-taking; credit utilisable for duty subject to per tonne ceiling, no weight deduction.
Til oil, added after hydrogenation, is not eligible for taking credit under the Credit of Money Scheme. Credit lawfully earned may be utilised toward duty payment subject to the notification's utilisation ceiling; excess credit is not refundable or transferable. For purposes of utilisation the til oil component must not be deducted from the total weight of vanaspati.
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