Excise exemption for vegetable oils tied to cottonseed and specified minor oil content, increasing concession with greater usage. Exemption from excise duty is granted for vegetable product made with indigenous cotton-seed oil, listed indigenous minor oils, or their mixtures by allowing duty offsets calculated per incremental percentage point of use above specified baselines, subject to an overall per-tonne cap or the duty otherwise payable. Percentages are computed by weight of oils before hydrogenation; fractional increases are pro-rated. Manufacturers may elect individual or monthly computation (excluding non-eligible individual charges from monthly aggregation) and may change the option once per financial year with one month's written notice. The notification enumerates qualifying minor oils and defines 'vegetable product' and relevant quality standards.
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.
Excise exemption for vegetable oils tied to cottonseed and specified minor oil content, increasing concession with greater usage.
Exemption from excise duty is granted for vegetable product made with indigenous cotton-seed oil, listed indigenous minor oils, or their mixtures by allowing duty offsets calculated per incremental percentage point of use above specified baselines, subject to an overall per-tonne cap or the duty otherwise payable. Percentages are computed by weight of oils before hydrogenation; fractional increases are pro-rated. Manufacturers may elect individual or monthly computation (excluding non-eligible individual charges from monthly aggregation) and may change the option once per financial year with one month's written notice. The notification enumerates qualifying minor oils and defines "vegetable product" and relevant quality standards.
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