Tuesday, 18 November 2014

Credit available on input tax even on generation of exempted by-product during manufacture of produc

CST & VAT : Where assessee was engaged in manufacture of refined sunflower oil from sunflower oil cake by employing solvent extraction process and in extraction process it also obtained de-oiled cake, which was exempted from tax, assessee was entitled to full deduction of input tax paid on purchases of sunflower oil cake


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