Excise exemption for petroleum gases used in polyisobutylene manufacture, limited to duty on gases actually consumed. The notification exempts petroleum gases and gaseous hydrocarbons used in polyisobutylene manufacture from excise duty to the extent the scheduled duty exceeds the duty on the quantity actually consumed, where consumption is calculated as gases received by the manufacturing factory less gases returned to the supplier.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for petroleum gases used in polyisobutylene manufacture, limited to duty on gases actually consumed.
The notification exempts petroleum gases and gaseous hydrocarbons used in polyisobutylene manufacture from excise duty to the extent the scheduled duty exceeds the duty on the quantity actually consumed, where consumption is calculated as gases received by the manufacturing factory less gases returned to the supplier.
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