https://www.taxtmi.com/caselaws?id=90069 For excise exemption based on aggregate clearances, the controlling event is the actual removal of goods from the factory, not the date on which the sale price or escalated price is received. Under the rate contract, escalation linked to raw material costs could be billed and received in advance, but that receipt did not shift the clearance into the year of receipt for Notification No. 77/83-C.E. The aggregate value had therefore to be computed by reference to the date of clearance, and the advance escalated amount could not be used to deny the exemption benefit. en-us Thu, 02 Apr 1998 00:00:00 +0530 Mon, 03 Oct 2011 12:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90069 For excise exemption based on aggregate clearances, the controlling event is the actual removal of goods from the factory, not the date on which the sale price or escalated price is received. Under the rate contract, escalation linked to raw material costs could be billed and received in advance, but that receipt did not shift the clearance into the year of receipt for Notification No. 77/83-C.E. The aggregate value had therefore to be computed by reference to the date of clearance, and the advance escalated amount could not be used to deny the exemption benefit. Case-Laws Customs Thu, 02 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90069