https://www.taxtmi.com/caselaws?id=105020 Conditional excise exemption does not create absolute duty-free status at the time of manufacture; excise duty arises on manufacture, with collection deferred only while the notification conditions continue to be satisfied. Where goods were manufactured before withdrawal of the exemption but cleared afterwards, refund is not available merely because the goods were in stock before the change, since they were never unconditionally exempt. Authorities dealing with wholly exempt pre-budget stock were distinguished as cases of unconditional exemption, not conditional relief. en-us Thu, 25 Aug 1988 00:00:00 +0530 Fri, 02 Mar 2012 11:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105020 Conditional excise exemption does not create absolute duty-free status at the time of manufacture; excise duty arises on manufacture, with collection deferred only while the notification conditions continue to be satisfied. Where goods were manufactured before withdrawal of the exemption but cleared afterwards, refund is not available merely because the goods were in stock before the change, since they were never unconditionally exempt. Authorities dealing with wholly exempt pre-budget stock were distinguished as cases of unconditional exemption, not conditional relief. Case-Laws Central Excise Thu, 25 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105020