The Supreme Court of India has set aside an excise duty demand of approximately ₹28.56 crore against M/s. Rashtriya Chemicals and Fertilizers Limited (RCF), holding that the “intended use” of a raw material is the primary criterion for granting tax exemptions. The Court ruled that once the intention to use Naphtha for manufacturing fertilizers is
‘Intended Use’ Test Governs Excise Exemption On Naphtha Used In Mixed Steam Generation: Supreme Court Quashes ₹28.56 Crore Demand
