2014 (1) TMI 676
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....hri Sanjay Jain, DR ORDER Per: Justice G. Raghuram: The appellant is engaged in the manufacture of biscuits. Biscuits are exempt from excise duty. The appellant also manufactures sugar syrup, an intermediate product which is captively consumed in the manufacture of biscuits. Revenue brought to tax the intermediate product, sugar syrup, since the final product biscuit is exempt from excise....


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