TaxTMI 
TaxTMI 
Legislature Confirms Diesel as Raw Material in Section 2(34), Impacting Concessional Taxation Regardless of Manufacturing Use.
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....Concessional Rate of Taxation - as diesel is specifically and intentionally included in the definition of raw material u/s 2 (34) by the legislature, the question that whether it is directly or indirectly used in the process of manufacture is irrelevant - HC....