Acid oil, Fatty acid, Gums and Waxes generated during the process of refining oil are “Waste”, Eligible for Central Excise Duty Exemption: CESTAT [Read Order]

In a dispute over by-products generated during refining oil can be qualified as waste, CESTAT orders in favor of the exemption claim
By Kavi Priya - On August 12, 2024 5:10 pm - 2 mins read
Central Excise Duty Exemption - Excise Duty - Central Excise - Duty Exemption - CESTAT - Customs - Excise & Service Tax Appellate Tribunal - taxscan

The Bangalore Bench of Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) ordered that the by-products (acid oil, fatty acid, gums, and waxes) generated during the oil refining process are considered as waste under Notification No. 89/95-CE dated 18.05.1995 and it is eligible for excise tax exemption. Appellant, M.K Agrotech Pvt. Ltd. is…

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