COMMISSIONER OF CENTRAL EXCISE,VADODARA vs INDIAN PETROCHEMICALS CORPN.LTD.

The Supreme Court addressed the classification of C4 Raffinate produced by Indian Petrochemicals Corporation Limited under the Central Excise Tariff Act, 1985. The Court held that the product was correctly classified under Chapter sub-heading 2711.19, allowing IPCL to benefit from Notification No. 6/2000, which provides for a reduced excise duty of 8% instead of the standard 16%. The Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) that had favored IPCL, thereby confirming the applicability of the exemption notification.