https://www.taxtmi.com/caselaws?id=333799 Electricity used in the electrolytic manufacture of zinc was treated as a consumable because it is substantially and necessarily consumed in the manufacturing process, even though it is intangible and does not form part of the finished product. The Court held that electricity is measurable, quantifiable and indispensable to the process, and therefore falls within the consumables permitted for procurement from the Domestic Tariff Area under the Foreign Trade Policy and Handbook of Procedure. The exclusion of power-generating equipment did not apply, as that refers to inputs used to generate electricity, not electricity itself. The rejection orders were quashed, and deemed export benefit was held available. en-us Thu, 20 Oct 2016 00:00:00 +0530 Fri, 17 Feb 2017 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333799 Electricity used in the electrolytic manufacture of zinc was treated as a consumable because it is substantially and necessarily consumed in the manufacturing process, even though it is intangible and does not form part of the finished product. The Court held that electricity is measurable, quantifiable and indispensable to the process, and therefore falls within the consumables permitted for procurement from the Domestic Tariff Area under the Foreign Trade Policy and Handbook of Procedure. The exclusion of power-generating equipment did not apply, as that refers to inputs used to generate electricity, not electricity itself. The rejection orders were quashed, and deemed export benefit was held available. Case-Laws Customs Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333799