https://www.taxtmi.com/caselaws?id=81123 Money credit under Notification No. 231/87-C.E. was considered for a unit manufacturing acetone where ethyl alcohol was produced and consumed captively in the same factory without sale price being paid for intermediate molasses or alcohol. The notification was read as applying to acetone as the final product and to indigenous ethyl alcohol used in manufacture; the price condition in clause (b)(ii) had to be read in light of the scheme's object. Exemption notifications are strictly construed at the threshold, but once coverage is established they are construed liberally to avoid defeating the intended benefit. On that basis, credit was held admissible and denial of credit unsustainable. en-us Mon, 25 Feb 1991 00:00:00 +0530 Wed, 22 Jun 2011 15:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81123 Money credit under Notification No. 231/87-C.E. was considered for a unit manufacturing acetone where ethyl alcohol was produced and consumed captively in the same factory without sale price being paid for intermediate molasses or alcohol. The notification was read as applying to acetone as the final product and to indigenous ethyl alcohol used in manufacture; the price condition in clause (b)(ii) had to be read in light of the scheme's object. Exemption notifications are strictly construed at the threshold, but once coverage is established they are construed liberally to avoid defeating the intended benefit. On that basis, credit was held admissible and denial of credit unsustainable. Case-Laws Central Excise Mon, 25 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81123