https://www.taxtmi.com/caselaws?id=40844 Steam used only as an intermediate input in the captive generation of exempt electric power and light was not taxable under Item 68 of the First Schedule to the Central Excises and Salt Act, 1944. The exemption notification then in force covered electric power and light produced for captive use, and the steam was not produced as an independent commercial commodity. Excise duty was therefore not attracted on the steam merely because it formed part of the manufacturing process for an exempt final product, and the levy of duty and penalty could not be sustained. en-us Wed, 16 Apr 1980 00:00:00 +0530 Sat, 15 May 2010 12:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40844 Steam used only as an intermediate input in the captive generation of exempt electric power and light was not taxable under Item 68 of the First Schedule to the Central Excises and Salt Act, 1944. The exemption notification then in force covered electric power and light produced for captive use, and the steam was not produced as an independent commercial commodity. Excise duty was therefore not attracted on the steam merely because it formed part of the manufacturing process for an exempt final product, and the levy of duty and penalty could not be sustained. Case-Laws Central Excise Wed, 16 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40844