https://www.taxtmi.com/caselaws?id=88739 For computing the exemption ceiling under Notification No. 175/86-C.E., clearances of goods chargeable to nil rate of duty must be excluded under Explanation II. Because the expression "aggregate value of clearances" appears both in the main clause and the explanation, nil-rated or separately exempt clearances are not to be counted when testing whether the preceding year's clearances exceed the prescribed limit. On that basis, the assessee's clearances remained within the threshold, and the notification benefit was available; the demand and penalty were treated as unsustainable and set aside. en-us Fri, 26 Dec 1997 00:00:00 +0530 Tue, 20 Sep 2011 18:48:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88739 For computing the exemption ceiling under Notification No. 175/86-C.E., clearances of goods chargeable to nil rate of duty must be excluded under Explanation II. Because the expression "aggregate value of clearances" appears both in the main clause and the explanation, nil-rated or separately exempt clearances are not to be counted when testing whether the preceding year's clearances exceed the prescribed limit. On that basis, the assessee's clearances remained within the threshold, and the notification benefit was available; the demand and penalty were treated as unsustainable and set aside. Case-Laws Central Excise Fri, 26 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88739