2005 (4) TMI 370

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... pondent. [Order per : Justice R.K. Abichandani, President]. We have heard both the sides on the stay application. The main contention raised on behalf of the applicants is that the reduced crude oil (RCO) was captively consumed and as per the Notifications issued from time to time there was an exemption from Excise duty in respect of RCO so captively consumed by the applicants, IOC Ltd. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t quantity of petroleum product which is used in the generation of electricity which, in turn, is not used in the process of manufacture of petroleum products. It is no body s case till now that the electricity so generated by use of RCO was not used by the applicants in the process of manufacture of petroleum products. 4. Similar question had arisen in the applicants own case earlier before a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X