https://www.taxtmi.com/caselaws?id=92575 Notification No. 175/86-C.E. was read to allow full duty exemption on first clearances during a financial year up to the aggregate ceiling of Rs. 30 lakhs, while each tariff item remained subject to a separate limit of Rs. 15 lakhs within that overall cap. The Tribunal followed Supreme Court authority and its own later precedent, and rejected the Revenue's reliance on a contrary Larger Bench view. The exemption was therefore available to the assessee on the stated basis. en-us Wed, 20 Oct 1999 00:00:00 +0530 Wed, 02 Nov 2011 16:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92575 Notification No. 175/86-C.E. was read to allow full duty exemption on first clearances during a financial year up to the aggregate ceiling of Rs. 30 lakhs, while each tariff item remained subject to a separate limit of Rs. 15 lakhs within that overall cap. The Tribunal followed Supreme Court authority and its own later precedent, and rejected the Revenue's reliance on a contrary Larger Bench view. The exemption was therefore available to the assessee on the stated basis. Case-Laws Central Excise Wed, 20 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92575