https://www.taxtmi.com/caselaws?id=267285 The Supreme Court held that the imported wax used in the manufacturing process of cotton yarn by the appellant constituted a "raw material" rather than a "consumable." The wax was deemed essential for the production of cotton yarn, forming part of the yarn at the time of clearance. As a result, the appellant was not eligible to avail the benefit of Notification No.8/97-C.E., which provides a concessional rate of duty for products manufactured by Export Oriented Undertakings using only indigenous raw materials. The appeal was dismissed, and the appellant was required to bear the costs. en-us Tue, 27 Oct 2015 00:00:00 +0530 Fri, 08 Jan 2016 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267285 The Supreme Court held that the imported wax used in the manufacturing process of cotton yarn by the appellant constituted a "raw material" rather than a "consumable." The wax was deemed essential for the production of cotton yarn, forming part of the yarn at the time of clearance. As a result, the appellant was not eligible to avail the benefit of Notification No.8/97-C.E., which provides a concessional rate of duty for products manufactured by Export Oriented Undertakings using only indigenous raw materials. The appeal was dismissed, and the appellant was required to bear the costs. Case-Laws Central Excise Tue, 27 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267285