https://www.taxtmi.com/caselaws?id=192491 Coal, natural gas, coke and furnace oil used in sponge iron manufacture were treated as raw material inputs where they participated in the manufacturing process as ingredients of the end product. The mere fact that such inputs also generated heat or were consumed during production did not, by itself, convert them into fuel for denying input tax credit. On that footing, the statutory reduction in input tax credit was held unjustified, and the dealer was entitled to full credit without reduction. en-us Tue, 26 Jul 2016 00:00:00 +0530 Sat, 03 Jun 2017 09:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192491 Coal, natural gas, coke and furnace oil used in sponge iron manufacture were treated as raw material inputs where they participated in the manufacturing process as ingredients of the end product. The mere fact that such inputs also generated heat or were consumed during production did not, by itself, convert them into fuel for denying input tax credit. On that footing, the statutory reduction in input tax credit was held unjustified, and the dealer was entitled to full credit without reduction. Case-Laws VAT and Sales Tax Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192491