https://www.taxtmi.com/caselaws?id=91797 Eligibility for exemption under Notification No. 1/93, as amended, depended on the aggregate value of clearances in the preceding financial year, not on clearances made in the current year. The lower appellate authority relied on current year clearances crossing the monetary limit but recorded no finding that the preceding year threshold had been exceeded. In the absence of that required statutory finding, the notification condition was not shown to be violated and the exemption could not be denied on the basis of current year turnover alone. The appellants were therefore entitled to the exemption benefit. en-us Mon, 10 May 1999 00:00:00 +0530 Fri, 21 Oct 2011 10:40:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91797 Eligibility for exemption under Notification No. 1/93, as amended, depended on the aggregate value of clearances in the preceding financial year, not on clearances made in the current year. The lower appellate authority relied on current year clearances crossing the monetary limit but recorded no finding that the preceding year threshold had been exceeded. In the absence of that required statutory finding, the notification condition was not shown to be violated and the exemption could not be denied on the basis of current year turnover alone. The appellants were therefore entitled to the exemption benefit. Case-Laws Central Excise Mon, 10 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91797