Exemption notification: clearances under exemptions in force during the relevant year are excluded from small scale clearance value calculations. Explanation II(a) excludes from the aggregate and current-year value of clearances those clearances exempted from whole excise duty by other notifications issued under rule 8(1) that were in force during the relevant preceding financial year; a notification rescinded mid year is still treated as in force for that period and such clearances need not be counted when computing eligibility and exemptible clearance value for small scale manufacturers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption notification: clearances under exemptions in force during the relevant year are excluded from small scale clearance value calculations.
Explanation II(a) excludes from the aggregate and current-year value of clearances those clearances exempted from whole excise duty by other notifications issued under rule 8(1) that were in force during the relevant preceding financial year; a notification rescinded mid year is still treated as in force for that period and such clearances need not be counted when computing eligibility and exemptible clearance value for small scale manufacturers.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
