https://www.taxtmi.com/caselaws?id=85680 Under an exemption limited to goods used as raw materials or component parts, packing boxes and cartons used for watches do not qualify as inputs because they are only packing materials and do not become part of the finished product. Chemicals fully consumed in clearing watch parts during manufacture do qualify, as consumables necessary for completing the manufacturing process may be treated as inputs even if they do not form part of the final watches. en-us Mon, 08 Jul 1996 00:00:00 +0530 Sat, 06 Aug 2011 15:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85680 Under an exemption limited to goods used as raw materials or component parts, packing boxes and cartons used for watches do not qualify as inputs because they are only packing materials and do not become part of the finished product. Chemicals fully consumed in clearing watch parts during manufacture do qualify, as consumables necessary for completing the manufacturing process may be treated as inputs even if they do not form part of the final watches. Case-Laws Central Excise Mon, 08 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85680