https://www.taxtmi.com/circulars?id=6510 Money credit under Rule 57K should be allowed where a unit manufactures molasses, then alcohol, then specified chemicals within the same factory, notwithstanding the literal wording of condition (ii) and its proviso to Notification No. 231/87, if on verification it is established that excise duty on molasses was paid at the increased rates; the Notification has been amended prospectively to remove the anomaly and pending cases are to be decided accordingly. en-us Sat, 31 Mar 1990 00:00:00 +0530 Sat, 04 Jul 2009 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6510 Money credit under Rule 57K should be allowed where a unit manufactures molasses, then alcohol, then specified chemicals within the same factory, notwithstanding the literal wording of condition (ii) and its proviso to Notification No. 231/87, if on verification it is established that excise duty on molasses was paid at the increased rates; the Notification has been amended prospectively to remove the anomaly and pending cases are to be decided accordingly. Circulars Central Excise Sat, 31 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6510