https://www.taxtmi.com/caselaws?id=66583 Binding departmental circulars governed the exemption claim for waste, parings and scrap arising from manufacture of flexible polyurethane foam. The Board had construed the expression "already been paid" to include inputs cleared at nil duty, and those circulars remained operative during the relevant period. The Revenue was therefore bound to apply that interpretation, even though a later judicial view read the expression differently. On that basis, the condition in the exemption notification was treated as satisfied and the assessee was entitled to the exemption for the period in question. en-us Thu, 22 Jan 2004 00:00:00 +0530 Fri, 02 Jan 2015 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66583 Binding departmental circulars governed the exemption claim for waste, parings and scrap arising from manufacture of flexible polyurethane foam. The Board had construed the expression "already been paid" to include inputs cleared at nil duty, and those circulars remained operative during the relevant period. The Revenue was therefore bound to apply that interpretation, even though a later judicial view read the expression differently. On that basis, the condition in the exemption notification was treated as satisfied and the assessee was entitled to the exemption for the period in question. Case-Laws Income Tax Thu, 22 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66583