https://www.taxtmi.com/caselaws?id=210547 Furnace oil used as fuel by a 100% Export Oriented Unit was treated as eligible for exemption under Notification No. 1/95 where the notification extended benefit to raw materials or consumables. The Tribunal relied on its earlier ruling, as affirmed by the Supreme Court, that furnace oil procured and used in manufacture by a 100% EOU falls within the exemption. On that settled position, exemption could not be denied to the unit's furnace oil, and the Revenue's challenge failed. en-us Tue, 23 Aug 2011 00:00:00 +0530 Mon, 16 Jan 2012 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210547 Furnace oil used as fuel by a 100% Export Oriented Unit was treated as eligible for exemption under Notification No. 1/95 where the notification extended benefit to raw materials or consumables. The Tribunal relied on its earlier ruling, as affirmed by the Supreme Court, that furnace oil procured and used in manufacture by a 100% EOU falls within the exemption. On that settled position, exemption could not be denied to the unit's furnace oil, and the Revenue's challenge failed. Case-Laws Central Excise Tue, 23 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210547