Concessional excise rate on naphtha for manufacturers-duty relief applies to naphtha consumed in producing specified chemicals. A notification grants a concessional excise rate for raw naphtha and reformed naphtha used to manufacture specified chemical products by exempting from duty so much as exceeds the amount calculated at the prescribed per kilolitre rate on naphtha consumed; use outside the factory must follow Chapter X procedures. Consumption is calculated by deducting refinery returns declared under the rules, and incidental or inevitable by products shall not lose the exemption merely because they are not listed products.
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.
Concessional excise rate on naphtha for manufacturers-duty relief applies to naphtha consumed in producing specified chemicals.
A notification grants a concessional excise rate for raw naphtha and reformed naphtha used to manufacture specified chemical products by exempting from duty so much as exceeds the amount calculated at the prescribed per kilolitre rate on naphtha consumed; use outside the factory must follow Chapter X procedures. Consumption is calculated by deducting refinery returns declared under the rules, and incidental or inevitable by products shall not lose the exemption merely because they are not listed products.
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