Credit of money scheme for use of minor oils in the manufacture of vanaspati - Whether til oil is eligible for the benefit under Notification No. 27/87-C.E., as amended - Clarification regarding

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....the benefit under Notification No. 27/87-C.E., as amended - Clarification regarding Circular No. 23/89 Dated 7-4-1989 [From F. No. 91/4/88-CX.3] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Credit of money scheme for use of minor oils in the manufacture of vanaspati - Whether til oil is eligible for the benefit under Notification No. 27/8....

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....en is concerned as per condition (iii) of the said notification, the amount of credit utilised for payment of duty on any individual clearance of the final products shall not exceed rupees one thousand per tonne of the vegetable product cleared and the excess credit, if any, available in the credit account shall not be refunded to the manufacturer or adjusted against or utilised for payment of dut....