SC held that crude degummed soyabean oil is a manufactured...

SC held that crude degummed soyabean oil is a manufactured product distinct from its agricultural origin, not an agricultural product. The administrative circular No. 10/2004 cannot legally expand the exclusionary clause of notification No. 53/2003. The manufacturing process transforms soyabean into a new commodity with different characteristics, thereby enabling the appellant to claim duty-free credit entitlement. The court rejected the HC's finding that crude degummed soyabean oil remains an agricultural product, and allowed the appeal, granting the appellant benefits under the original notification.