Yes, but if you're not permitted to put the switch after the fuses per 240.40, and you're required to terminate at an OCPD per 240.21(C)(4), then you'd be required to use a c/b to comply with 240.21(C)(4). The fused switch would be not be able to comply with the requirements of both sections.
(4) Outside Secondary Conductors. Where the conductors are located outdoors of a building or structure, except at the point of load termination, and comply with all of the following conditions:
(1) The conductors are protected from physical damage in an approved manner.
(2) The conductors terminate at a single circuit breaker or a single set of fuses that limit the load to the ampacity of the conductors. This single overcurrent device shall be permitted to supply any number of additional overcurrent devices on its load side.
(3) The overcurrent device for the conductors is an integral part of a disconnecting means or shall be located immediately adjacent thereto.
(4) The disconnecting means for the conductors is installed at a readily accessible location complying with one of the following:
a. Outside of a building or structure
b. Inside, nearest the point of entrance of the conductors
c. Where installed in accordance with 230.6, nearest the point of entrance of the conductors
The problem with the applcation of the code is language vs intent.
(3) requires the ocpd to be "integral part of a disconnecting means "
I take that as a fused disconnect or a CB!!
(4) locates the disconnect.
as I read it terminating at a listed fused disconnect should satisfy this language and I can not imagine an inspector requiring other wise??