https://www.taxtmi.com/caselaws?id=82599 A refund claim under a turnover-based exemption notification is not time-barred where entitlement depends on whether the assessee crossed the prescribed annual turnover limit, because that fact can be determined only on closure of the financial year. Limitation is therefore computed from the expiry of that year, not from each individual duty payment. The distinction between a small-scale exemption and a concessional notification was treated as immaterial for this purpose, since the exemption itself turned on annual turnover. The refund was consequently allowed. en-us Fri, 30 Apr 1993 00:00:00 +0530 Wed, 06 Jul 2011 12:24:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82599 A refund claim under a turnover-based exemption notification is not time-barred where entitlement depends on whether the assessee crossed the prescribed annual turnover limit, because that fact can be determined only on closure of the financial year. Limitation is therefore computed from the expiry of that year, not from each individual duty payment. The distinction between a small-scale exemption and a concessional notification was treated as immaterial for this purpose, since the exemption itself turned on annual turnover. The refund was consequently allowed. Case-Laws Central Excise Fri, 30 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82599