https://www.taxtmi.com/circulars?id=3335 Amendment clarifies that where Furnace Oil is permitted in standard input-output norms it includes both LSHS and HFO, and that such allowance is confined to items specifically permitted in the standard norms and is not available against ad hoc norms, DFRC, or paragraph 7.5 of Handbook Vol. I. Furnace Oil may be allowed by the Advance Licensing Committee for actual user licences where fuel cost constitutes a substantial portion of the total manufacturing cost; cost of manufacture must reflect ex-factory value of the product and the international fuel price. en-us Fri, 01 Dec 2000 00:00:00 +0530 Mon, 24 Dec 2007 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3335 Amendment clarifies that where Furnace Oil is permitted in standard input-output norms it includes both LSHS and HFO, and that such allowance is confined to items specifically permitted in the standard norms and is not available against ad hoc norms, DFRC, or paragraph 7.5 of Handbook Vol. I. Furnace Oil may be allowed by the Advance Licensing Committee for actual user licences where fuel cost constitutes a substantial portion of the total manufacturing cost; cost of manufacture must reflect ex-factory value of the product and the international fuel price. Circulars DGFT Fri, 01 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3335