https://www.taxtmi.com/caselaws?id=90831 Vegetable non-essential oil processed on job-work basis into fatty acid remained within the money credit scheme under Notification No. 46/89 read with Rule 57K where the intermediate product was returned to the supplier or used in the assessee's own soap manufacture. The presence of an intermediate product did not break the statutory link to soap manufacture, because the notification covered vegetable oils, including those subjected to hydrogenation or hydrolysis, when used in making soap and also contemplated processing outside the factory. A narrow reading based on a separate exemption for fatty acid was rejected as inconsistent with the object of the scheme, and the credit benefit was held to be available. en-us Tue, 12 Jan 1999 00:00:00 +0530 Tue, 11 Oct 2011 18:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90831 Vegetable non-essential oil processed on job-work basis into fatty acid remained within the money credit scheme under Notification No. 46/89 read with Rule 57K where the intermediate product was returned to the supplier or used in the assessee's own soap manufacture. The presence of an intermediate product did not break the statutory link to soap manufacture, because the notification covered vegetable oils, including those subjected to hydrogenation or hydrolysis, when used in making soap and also contemplated processing outside the factory. A narrow reading based on a separate exemption for fatty acid was rejected as inconsistent with the object of the scheme, and the credit benefit was held to be available. Case-Laws Central Excise Tue, 12 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90831