https://www.taxtmi.com/caselaws?id=119677 Notification No. 67/95 continued to exempt capital goods manufactured in a factory and consumed captively within the same factory, along with inputs used in that manufacture. The proviso excluding inputs used in wholly exempt or nil-duty final products did not apply to such captively consumed capital goods, because treating them as exempt final products would nullify the specific capital goods exemption in the main clause. The notification was construed to avoid multiple duty stages and unnecessary duty-payment and credit cycles. The exemption therefore remained available, and the duty demand was unsustainable. en-us Mon, 15 May 2006 00:00:00 +0530 Thu, 12 Jul 2012 15:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119677 Notification No. 67/95 continued to exempt capital goods manufactured in a factory and consumed captively within the same factory, along with inputs used in that manufacture. The proviso excluding inputs used in wholly exempt or nil-duty final products did not apply to such captively consumed capital goods, because treating them as exempt final products would nullify the specific capital goods exemption in the main clause. The notification was construed to avoid multiple duty stages and unnecessary duty-payment and credit cycles. The exemption therefore remained available, and the duty demand was unsustainable. Case-Laws Central Excise Mon, 15 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119677