Input credit for specified minor oils allowed subject to hydrogenation timing, utilisation delays, per clearance cap, certification and origin requirements. The notification designates specified fixed vegetable oils as eligible for input credit when used to manufacture vegetable products and fixes the credit rates per tonne. Credit may be taken only for quantities hydrogenated on or after the commencement date and on the date of hydrogenation; utilisation is permitted after the succeeding month; utilisation per clearance is subject to a per tonne ceiling with excess non refundable; solvent extracted oils and palm oil require officer certification within five months (extendable); and credits are restricted to indigenous inputs subject to documentary proof.
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.
Input credit for specified minor oils allowed subject to hydrogenation timing, utilisation delays, per clearance cap, certification and origin requirements.
The notification designates specified fixed vegetable oils as eligible for input credit when used to manufacture vegetable products and fixes the credit rates per tonne. Credit may be taken only for quantities hydrogenated on or after the commencement date and on the date of hydrogenation; utilisation is permitted after the succeeding month; utilisation per clearance is subject to a per tonne ceiling with excess non refundable; solvent extracted oils and palm oil require officer certification within five months (extendable); and credits are restricted to indigenous inputs subject to documentary proof.
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