https://www.taxtmi.com/caselaws?id=93532 A manufacturer who exercised an express option under Notification No. 1/93-C.E. not to avail exemption was bound for the rest of that financial year to pay duty at the applicable rate on subsequent clearances of the specified goods. The Tribunal applied the amended notification and held that the assessee could not later claim exemption for stainless steel circles manufactured from the same process after opting out for waste and scrap. An earlier decision was distinguished because it involved different facts and a change in eligibility conditions, not an express statutory option to forego exemption. en-us Tue, 11 Apr 2000 00:00:00 +0530 Mon, 14 Nov 2011 11:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93532 A manufacturer who exercised an express option under Notification No. 1/93-C.E. not to avail exemption was bound for the rest of that financial year to pay duty at the applicable rate on subsequent clearances of the specified goods. The Tribunal applied the amended notification and held that the assessee could not later claim exemption for stainless steel circles manufactured from the same process after opting out for waste and scrap. An earlier decision was distinguished because it involved different facts and a change in eligibility conditions, not an express statutory option to forego exemption. Case-Laws Central Excise Tue, 11 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93532