Small-scale industry registration had to continue throughout the exemption period, making Notification No. 1/93 unavailable when that condition was unmet.

Notification No. 1/93 operated as a continuing exemption for the 1993-94 financial year, and its small-scale industry registration requirement had to be satisfied throughout the period for which relief was claimed. Registration on the date of filing or approval of the classification list was not enough by itself; the exemption and its conditions had to exist concurrently. As the assessee lacked valid small-scale registration for most of the relevant period, the benefit of the notification was unavailable for that time, and denial of the exemption beyond 6-4-1993 was upheld.

---

---

Issues: Whether the benefit of Notification No. 1/93 could be denied where the assessee did not hold valid small-scale industry registration throughout the period for which the exemption was claimed.

Analysis: The notification was a continuing exemption for the financial year 1993-94 and one of its conditions required the factory to be registered as a small-scale undertaking. The assessee was not so registered for most of the relevant period, and the existence of registration on the date of filing or approval of the classification list did not by itself entitle it to the exemption. The benefit and the conditions attached to it had to operate concurrently.

Conclusion: The benefit of the notification was not available for the period during which the assessee lacked the requisite small-scale registration, and the Assistant Collector's denial of the benefit beyond 6-4-1993 was upheld.

---