https://www.taxtmi.com/caselaws?id=85016 The Appellate Tribunal CEGAT, MADRAS dismissed the Revenue's appeal and upheld the Collector (Appeals)'s decision to grant exemption to the respondents under Notification 175/86. The Tribunal determined that the clearances from the respondents' factory, operated independently after lease termination, fell within the exemption limit of Rs. 1.5 crores. By interpreting the definition of "factory" under the Central Excise Act, the Tribunal emphasized that licensing requirements do not affect exemption eligibility as long as the factory is capable of independent production. en-us Sat, 16 Dec 1995 00:00:00 +0530 Tue, 02 Aug 2011 11:59:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85016 The Appellate Tribunal CEGAT, MADRAS dismissed the Revenue's appeal and upheld the Collector (Appeals)'s decision to grant exemption to the respondents under Notification 175/86. The Tribunal determined that the clearances from the respondents' factory, operated independently after lease termination, fell within the exemption limit of Rs. 1.5 crores. By interpreting the definition of "factory" under the Central Excise Act, the Tribunal emphasized that licensing requirements do not affect exemption eligibility as long as the factory is capable of independent production. Case-Laws Central Excise Sat, 16 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85016