https://www.taxtmi.com/news?id=200 The Court considered whether process-consumed items qualify as raw material for a notification requiring manufacture from domestic raw materials. It adopted a functional test: an ingredient is raw material if it is essential and indispensable to the manufacturing process so that the end product depends on its use, regardless of its absence in the finished article. The Court distinguished consumables from raw material, treating consumables as a separate category for assessing entitlement to the exemption. en-us Thu, 29 Nov 2007 12:12:00 +0530 Mon, 30 Jun 2008 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=200 The Court considered whether process-consumed items qualify as raw material for a notification requiring manufacture from domestic raw materials. It adopted a functional test: an ingredient is raw material if it is essential and indispensable to the manufacturing process so that the end product depends on its use, regardless of its absence in the finished article. The Court distinguished consumables from raw material, treating consumables as a separate category for assessing entitlement to the exemption. News - Thu, 29 Nov 2007 12:12:00 +0530 https://www.taxtmi.com/news?id=200