https://www.taxtmi.com/caselaws?id=82918 Notification No. 175/86 was construed as a beneficent small-scale exemption scheme, and its text was held not to require a manufacturer to opt in only from the start of the financial year. Duty-paid clearances made before the assessee began availing the notification were not to be included in computing the aggregate value of exempted and concessional clearances under paras 1(a), 1(b) and 2. The phrase "first clearances in a financial year" was read as sequencing the full and concessional slabs, not as denying mid-year entrants the statutory benefit. The assessee was therefore entitled to the prescribed limits after opting into the scheme. en-us Sat, 03 Apr 1993 00:00:00 +0530 Fri, 08 Jul 2011 11:51:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82918 Notification No. 175/86 was construed as a beneficent small-scale exemption scheme, and its text was held not to require a manufacturer to opt in only from the start of the financial year. Duty-paid clearances made before the assessee began availing the notification were not to be included in computing the aggregate value of exempted and concessional clearances under paras 1(a), 1(b) and 2. The phrase "first clearances in a financial year" was read as sequencing the full and concessional slabs, not as denying mid-year entrants the statutory benefit. The assessee was therefore entitled to the prescribed limits after opting into the scheme. Case-Laws Central Excise Sat, 03 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82918