CESTAT allows exemption on molasses captively consumed to manufacture Rectified Spirit & DNA 

EID Parry (India) Ltd Vs Commissioner of GST & Central Excise (CESTAT Chennai) Introduction: In a significant ruling, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Chennai has quashed an excise duty demand in the case of EID Parry (India) Ltd. vs. Commissioner of GST & Central Excise. The case revolves around the eligibility of excise duty exemption on molasses that were captively consumed for the manufacture of Rectified Spirit. This article delves into the details of the case, the tribunal’s decision, and its implications. Background of the Case: EID Parry (I...