https://www.taxtmi.com/caselaws?id=43576 An excise exemption notification intended to promote indigenous pharmaceutical manufacture was read as unavailable only where foreign interest in the manufacturer was real and material. Minor shareholding through the custodian of enemy property and by a deceased foreign national, together with an earlier foreign collaboration that had ended, was treated as too insignificant to defeat the benefit. Denial of exemption on such technical grounds was therefore inconsistent with the notification's object, and the company's entitlement to the exemption and related refund verification was affirmed. en-us Wed, 16 Jun 1993 00:00:00 +0530 Fri, 18 Jun 2010 18:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43576 An excise exemption notification intended to promote indigenous pharmaceutical manufacture was read as unavailable only where foreign interest in the manufacturer was real and material. Minor shareholding through the custodian of enemy property and by a deceased foreign national, together with an earlier foreign collaboration that had ended, was treated as too insignificant to defeat the benefit. Denial of exemption on such technical grounds was therefore inconsistent with the notification's object, and the company's entitlement to the exemption and related refund verification was affirmed. Case-Laws Central Excise Wed, 16 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43576