https://www.taxtmi.com/caselaws?id=94968 Credit on minor oil used to make fatty acid was not to be denied merely because part of the fatty acid was returned to a third party under contract, where credit attributable to that quantity had already been reversed. The disputed credit related only to oil used for fatty acid that was subsequently consumed within the assessee's own factory in soap manufacture. As fatty acid functioned only as an intermediate product in that production stream, denial based on exemption attached to the portion supplied out could not extend to the remaining quantity used in dutiable manufacture. The prior taking of credit on the full quantity did not alter this position once the attributable reversal had been made. en-us Thu, 12 Oct 2000 00:00:00 +0530 Tue, 06 Dec 2011 11:55:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94968 Credit on minor oil used to make fatty acid was not to be denied merely because part of the fatty acid was returned to a third party under contract, where credit attributable to that quantity had already been reversed. The disputed credit related only to oil used for fatty acid that was subsequently consumed within the assessee's own factory in soap manufacture. As fatty acid functioned only as an intermediate product in that production stream, denial based on exemption attached to the portion supplied out could not extend to the remaining quantity used in dutiable manufacture. The prior taking of credit on the full quantity did not alter this position once the attributable reversal had been made. Case-Laws Central Excise Thu, 12 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94968