https://www.taxtmi.com/caselaws?id=89880 A small-scale industrial unit may simultaneously claim Modvat credit for some products and small-scale industry exemption for different products, according to the Tribunal's consistent interpretation that was previously upheld by the Supreme Court. The note also states that exemption under Notification No. 175/86-C.E. operates by reference to the prescribed first-clearance and aggregate-clearance limits, so entitlement continues until the relevant ceiling is reached. On that construction, the Revenue's contrary position was rejected and the assessee's entitlement to both credit and exemption was affirmed. en-us Fri, 25 Sep 1998 00:00:00 +0530 Fri, 30 Sep 2011 12:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89880 A small-scale industrial unit may simultaneously claim Modvat credit for some products and small-scale industry exemption for different products, according to the Tribunal's consistent interpretation that was previously upheld by the Supreme Court. The note also states that exemption under Notification No. 175/86-C.E. operates by reference to the prescribed first-clearance and aggregate-clearance limits, so entitlement continues until the relevant ceiling is reached. On that construction, the Revenue's contrary position was rejected and the assessee's entitlement to both credit and exemption was affirmed. Case-Laws Central Excise Fri, 25 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89880