Credit for input duty on specified fixed vegetable oils permits set rates of credit in soap manufacture subject to conditions. Credit is specified for certain fixed vegetable oils used in manufacture of soap under sub-heading 3401.10 at the rates listed in the annexed Table. Credit is available only for oil quantities saponified or hydrolyzed (where hydrolyzation precedes saponification) on or after 1 March 1987 and is to be taken on the date of saponification or hydrolyzation. Credit taken in any calendar month may be utilised for duty on the specified soap only after the commencement of the succeeding month, must be recorded in separate RG 23B registers by value-category of soap, and is usable only for duty on the corresponding soap variety; excess credit is not refundable or transferable.
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 specified fixed vegetable oils permits set rates of credit in soap manufacture subject to conditions.
Credit is specified for certain fixed vegetable oils used in manufacture of soap under sub-heading 3401.10 at the rates listed in the annexed Table. Credit is available only for oil quantities saponified or hydrolyzed (where hydrolyzation precedes saponification) on or after 1 March 1987 and is to be taken on the date of saponification or hydrolyzation. Credit taken in any calendar month may be utilised for duty on the specified soap only after the commencement of the succeeding month, must be recorded in separate RG 23B registers by value-category of soap, and is usable only for duty on the corresponding soap variety; excess credit is not refundable or transferable.
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