https://www.taxtmi.com/caselaws?id=89272 Zinc ingots made from zinc ash or similar material were treated as exempt during the intervening period between presentation of the Finance Bill and the commencement of the Finance Act, 1988, because the tariff change became operative only on enactment and the relevant classification for exemption remained the earlier one. The value of such fully exempt clearances was excluded from the aggregate turnover calculation under Notification No. 175/86, so they could not be used to deny small-scale exemption eligibility. The exempt character of the clearances was not altered by the later tariff reclassification, and the related demand and penalty were set aside. en-us Tue, 09 Jun 1998 00:00:00 +0530 Sat, 24 Sep 2011 14:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89272 Zinc ingots made from zinc ash or similar material were treated as exempt during the intervening period between presentation of the Finance Bill and the commencement of the Finance Act, 1988, because the tariff change became operative only on enactment and the relevant classification for exemption remained the earlier one. The value of such fully exempt clearances was excluded from the aggregate turnover calculation under Notification No. 175/86, so they could not be used to deny small-scale exemption eligibility. The exempt character of the clearances was not altered by the later tariff reclassification, and the related demand and penalty were set aside. Case-Laws Central Excise Tue, 09 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89272