https://www.taxtmi.com/caselaws?id=265166 Vanadium Pentoxide used by a 100% Export Oriented Unit was held to be a catalyst, not a raw material, for conditional exemption under Notification No. 8/97-CE and Notification No. 23/03-CE. The Court noted that a raw material is not every ingredient used in manufacture: the substance here accelerated the chemical reaction, remained unaltered, retained its independent character, was not consumed in the process, and did not form part of the final product. Applying the approach in Ballarpur Industries, the classification depended on the facts, and the catalyst could not be equated with raw material. The concessional benefit was therefore upheld. en-us Tue, 01 Sep 2015 00:00:00 +0530 Fri, 01 Jan 2016 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265166 Vanadium Pentoxide used by a 100% Export Oriented Unit was held to be a catalyst, not a raw material, for conditional exemption under Notification No. 8/97-CE and Notification No. 23/03-CE. The Court noted that a raw material is not every ingredient used in manufacture: the substance here accelerated the chemical reaction, remained unaltered, retained its independent character, was not consumed in the process, and did not form part of the final product. Applying the approach in Ballarpur Industries, the classification depended on the facts, and the catalyst could not be equated with raw material. The concessional benefit was therefore upheld. Case-Laws Central Excise Tue, 01 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265166