Credit for input duty on minor vegetable oils allowed for soap manufacture, subject to specified identification and utilisation conditions. Notification permits input duty credit for specified minor vegetable oils used in soap manufacture, listing eligible oils and per-tonne credit rates. Credit is limited to indigenous inputs; where all processes occur in the same factory, it is admissible only on receipt of oils. For oils processed outside the soap factory, credit requires Collector-prescribed identity procedures and supporting documents, is allowed only on receipt of processed oils, and is calculated at the rate for the corresponding vegetable oil. Credit taken in a month may be utilised only after the next month begins and RG-23B credit may be used solely for duty on soap manufactured by the same manufacturer; excess credit is neither refundable nor usable for other goods.
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 for input duty on minor vegetable oils allowed for soap manufacture, subject to specified identification and utilisation conditions.
Notification permits input duty credit for specified minor vegetable oils used in soap manufacture, listing eligible oils and per-tonne credit rates. Credit is limited to indigenous inputs; where all processes occur in the same factory, it is admissible only on receipt of oils. For oils processed outside the soap factory, credit requires Collector-prescribed identity procedures and supporting documents, is allowed only on receipt of processed oils, and is calculated at the rate for the corresponding vegetable oil. Credit taken in a month may be utilised only after the next month begins and RG-23B credit may be used solely for duty on soap manufactured by the same manufacturer; excess credit is neither refundable nor usable for other goods.
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