https://www.taxtmi.com/caselaws?id=88855 A conditional exemption under Notification No. 53/88-C.E. did not compel the manufacturer to claim nil duty where the attached conditions were not satisfied. The Tribunal held that the assessee could elect to pay duty instead of availing the full exemption, and that a later Trade Notice could operate only prospectively. On that basis, the demand of duty and denial of Modvat credit were not sustainable against the assessee. en-us Wed, 14 May 1997 00:00:00 +0530 Wed, 21 Sep 2011 17:38:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88855 A conditional exemption under Notification No. 53/88-C.E. did not compel the manufacturer to claim nil duty where the attached conditions were not satisfied. The Tribunal held that the assessee could elect to pay duty instead of availing the full exemption, and that a later Trade Notice could operate only prospectively. On that basis, the demand of duty and denial of Modvat credit were not sustainable against the assessee. Case-Laws Central Excise Wed, 14 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88855