https://www.taxtmi.com/caselaws?id=105939 An exemption notification for Chapter 68 goods using fly ash or phospho-gypsum was construed to require computation by reference to the dry weight of the finished goods, not by treating process water as a raw material in the denominator. The phrase "minus the water-content" was read as excluding moisture present in the finished product, and the later deletion of that phrase was taken to remove practical difficulty in determining dry weight, not to change the treatment of water used in manufacture. On that basis, the revenue's method of aggregating raw materials and process water was rejected, and the assessee was held entitled to the exemption. en-us Tue, 03 Aug 1999 00:00:00 +0530 Mon, 12 Mar 2012 10:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105939 An exemption notification for Chapter 68 goods using fly ash or phospho-gypsum was construed to require computation by reference to the dry weight of the finished goods, not by treating process water as a raw material in the denominator. The phrase "minus the water-content" was read as excluding moisture present in the finished product, and the later deletion of that phrase was taken to remove practical difficulty in determining dry weight, not to change the treatment of water used in manufacture. On that basis, the revenue's method of aggregating raw materials and process water was rejected, and the assessee was held entitled to the exemption. Case-Laws Central Excise Tue, 03 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105939