https://www.taxtmi.com/caselaws?id=87968 A notification granting money credit or exemption for a specified raw material must be construed purposively in light of its object and the manufacturing process, rather than by a narrow literal reading that defeats the scheme. Where distilled fatty acid was undisputedly derived from hydrogenated rice bran oil and served the prescribed manufacturing purpose, the benefit could not be denied merely because the input had undergone conversion. On that basis, the denial of money credit was unsustainable and the assessee was entitled to the notification benefit. en-us Tue, 03 Mar 1998 00:00:00 +0530 Wed, 14 Sep 2011 12:00:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87968 A notification granting money credit or exemption for a specified raw material must be construed purposively in light of its object and the manufacturing process, rather than by a narrow literal reading that defeats the scheme. Where distilled fatty acid was undisputedly derived from hydrogenated rice bran oil and served the prescribed manufacturing purpose, the benefit could not be denied merely because the input had undergone conversion. On that basis, the denial of money credit was unsustainable and the assessee was entitled to the notification benefit. Case-Laws Central Excise Tue, 03 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87968