https://www.taxtmi.com/caselaws?id=72780 Captively consumed varnish used as an input in manufacturing paints and enamels was not exempt from duty merely because the relevant notification excluded such clearances from the computation of aggregate clearance value. The majority held that a value-based exclusion in the exemption scheme did not amount to an express exemption from levy unless the notification specifically granted that relief. The dissent took the view that the opening terms of the notification, read with the explanation, extended the benefit to inputs used within the factory in manufacturing finished goods under the same tariff item, subject to the stated conditions. The ratio is that exclusion from turnover computation does not, by itself, create an exemption from duty. en-us Wed, 17 Dec 1986 00:00:00 +0530 Wed, 25 May 2011 10:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72780 Captively consumed varnish used as an input in manufacturing paints and enamels was not exempt from duty merely because the relevant notification excluded such clearances from the computation of aggregate clearance value. The majority held that a value-based exclusion in the exemption scheme did not amount to an express exemption from levy unless the notification specifically granted that relief. The dissent took the view that the opening terms of the notification, read with the explanation, extended the benefit to inputs used within the factory in manufacturing finished goods under the same tariff item, subject to the stated conditions. The ratio is that exclusion from turnover computation does not, by itself, create an exemption from duty. Case-Laws Central Excise Wed, 17 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72780