https://www.taxtmi.com/caselaws?id=88508 Notification No. 175/86-C.E. granted exemption by reference to the value of clearances up to a monetary limit in a financial year. Where the assessee had a balance amount still available within that limit at the time of a clearance, that balance could be adjusted against the value of the goods cleared. The exemption operated on the value of clearances, not on the quantity of goods, so duty was not payable on the entire clearance value when part of that value remained covered by the available exemption balance. en-us Tue, 13 Jan 1998 00:00:00 +0530 Mon, 19 Sep 2011 13:26:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88508 Notification No. 175/86-C.E. granted exemption by reference to the value of clearances up to a monetary limit in a financial year. Where the assessee had a balance amount still available within that limit at the time of a clearance, that balance could be adjusted against the value of the goods cleared. The exemption operated on the value of clearances, not on the quantity of goods, so duty was not payable on the entire clearance value when part of that value remained covered by the available exemption balance. Case-Laws Central Excise Tue, 13 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88508