https://www.taxtmi.com/caselaws?id=212175 Furnace oil used by a 100% Export Oriented Unit in an air burner to generate hot air for drying onions was treated as eligible for exemption under Notification No. 1/95-C.E. as a raw material or consumable. The earlier Tribunal view, later upheld by the Supreme Court, recognised that furnace oil used as fuel in the manufacturing process falls within the notification where it is used for producing the final product and no contrary authority exists. On that basis, the exemption was sustained and the Revenue's challenge failed. en-us Tue, 24 May 2011 00:00:00 +0530 Wed, 11 Apr 2012 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212175 Furnace oil used by a 100% Export Oriented Unit in an air burner to generate hot air for drying onions was treated as eligible for exemption under Notification No. 1/95-C.E. as a raw material or consumable. The earlier Tribunal view, later upheld by the Supreme Court, recognised that furnace oil used as fuel in the manufacturing process falls within the notification where it is used for producing the final product and no contrary authority exists. On that basis, the exemption was sustained and the Revenue's challenge failed. Case-Laws Central Excise Tue, 24 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212175