https://www.taxtmi.com/caselaws?id=73609 For Notification No. 89/79-C.E., the value of plant and machinery for small scale industry relief had to be computed on the machinery actually in existence at the relevant time. Permanently dismantled and removed machinery could not be included, because counting assets no longer in use would defeat the notification's object and create an anomalous valuation. The later notification expressly excluding permanently removed machinery supported the same approach under the earlier notification. The valuation therefore covered additions in existence from time to time, but excluded permanently dismantled and removed machinery, and the issue was decided in favour of the assessee. en-us Tue, 29 Mar 1988 00:00:00 +0530 Thu, 02 Jun 2011 13:04:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73609 For Notification No. 89/79-C.E., the value of plant and machinery for small scale industry relief had to be computed on the machinery actually in existence at the relevant time. Permanently dismantled and removed machinery could not be included, because counting assets no longer in use would defeat the notification's object and create an anomalous valuation. The later notification expressly excluding permanently removed machinery supported the same approach under the earlier notification. The valuation therefore covered additions in existence from time to time, but excluded permanently dismantled and removed machinery, and the issue was decided in favour of the assessee. Case-Laws Central Excise Tue, 29 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73609