https://www.taxtmi.com/caselaws?id=87951 A small scale industrial unit retained eligibility for deemed Modvat credit after its aggregate clearances crossed the Rs. 75 lakh threshold because the benefit depended on SSI status, not on loss of that status merely by crossing the clearance limit. The Tribunal applied its earlier view that Notification No. 1/93 and the related Government order were intended for manufacturers continuing within the SSI category, and that the crossing of clearances did not by itself terminate the benefit. The unit was therefore entitled to continue availing deemed Modvat credit. en-us Tue, 27 Jan 1998 00:00:00 +0530 Wed, 14 Sep 2011 11:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87951 A small scale industrial unit retained eligibility for deemed Modvat credit after its aggregate clearances crossed the Rs. 75 lakh threshold because the benefit depended on SSI status, not on loss of that status merely by crossing the clearance limit. The Tribunal applied its earlier view that Notification No. 1/93 and the related Government order were intended for manufacturers continuing within the SSI category, and that the crossing of clearances did not by itself terminate the benefit. The unit was therefore entitled to continue availing deemed Modvat credit. Case-Laws Central Excise Tue, 27 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87951