https://www.taxtmi.com/caselaws?id=84942 Notification No. 175/86-C.E. was interpreted to mean that the first-clearance exemption operates in chronological order, and clearances made after the product-wise exemption limit is exhausted cannot be omitted from the aggregate ceiling computation. The Rs. 15 lakh concession is treated as part of the Rs. 30 lakh limit for first clearances, while the Rs. 75 lakh cap governs the combined value of first and succeeding clearances. Clearances on payment of duty after crossing the individual limit must therefore be counted when applying the notification, and the contrary view in earlier Tribunal decisions was not followed. en-us Thu, 08 Feb 1996 00:00:00 +0530 Thu, 16 Nov 2023 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84942 Notification No. 175/86-C.E. was interpreted to mean that the first-clearance exemption operates in chronological order, and clearances made after the product-wise exemption limit is exhausted cannot be omitted from the aggregate ceiling computation. The Rs. 15 lakh concession is treated as part of the Rs. 30 lakh limit for first clearances, while the Rs. 75 lakh cap governs the combined value of first and succeeding clearances. Clearances on payment of duty after crossing the individual limit must therefore be counted when applying the notification, and the contrary view in earlier Tribunal decisions was not followed. Case-Laws Central Excise Thu, 08 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84942