https://www.taxtmi.com/caselaws?id=88217 Under Notification No. 40/87-C.E., money credit for oil subjected to hydrolyzation was held to be linked to the quantity of oil issued for that process, not the reduced quantity remaining after processing. The notification was read as allowing credit only in respect of oil actually sent for hydrolyzation on the relevant date, and the earlier precedent on the money credit scheme was applied to the same effect. The disallowance of credit based on post-process loss was therefore not sustainable. en-us Tue, 15 Oct 1996 00:00:00 +0530 Thu, 15 Sep 2011 18:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88217 Under Notification No. 40/87-C.E., money credit for oil subjected to hydrolyzation was held to be linked to the quantity of oil issued for that process, not the reduced quantity remaining after processing. The notification was read as allowing credit only in respect of oil actually sent for hydrolyzation on the relevant date, and the earlier precedent on the money credit scheme was applied to the same effect. The disallowance of credit based on post-process loss was therefore not sustainable. Case-Laws Central Excise Tue, 15 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88217