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2001 (1) TMI 88 - SC - Central ExciseInterpretation of the exemption notifications relating to heavy petroleum stock Held that:- The very process of manufacture shows that LSHS, as a result of chemical reaction, becomes gas which is subsequently purified resulting in liquid ammonia which can be regarded as feed stock in contra-distinction to LSHS which is burnt and as a result whereof steam is generated which in turn is used in the process. LSHS is used in the manufacture of ammonia but not as a feed stock. As such, benefit of Notification No. 127/1988 would be available to the appellants in respect of LSHS which has been used for generating steam and this will be with effect from 1st March, 1988. In respect of the earlier period, it is only that part of LSHS which will be entitled to 100 per cent exemption from excise duty by virtue of Notification No. 147/1974 and Notification No. 75/1984 which has been used as feed stock and not for the purpose of generating steam. For the aforesaid reasons, while I.A. No. 3/1995 in C.A. No. 9122/1994 is allowed and it is held that the appellants therein are entitled to the benefit of Notification No. 127/1988 with effect from 1st March, 1988, the appeals are dismissed with no order as to costs.
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