https://www.taxtmi.com/caselaws?id=106928 Notification No. 75/87-C.E. granted full exemption for the first clearance slab up to the prescribed aggregate value, followed by a concessional rate for the next slab. An assessee who declared an intention to claim the notification did not forfeit that benefit merely by mistakenly paying duty at 15% on clearances that were otherwise within the exempt first slab. Where the exemption was available, Modvat credit taken on inputs used in the exempt clearances could not be retained and had to be reversed to that extent. en-us Wed, 11 Dec 2002 00:00:00 +0530 Fri, 16 Mar 2012 13:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106928 Notification No. 75/87-C.E. granted full exemption for the first clearance slab up to the prescribed aggregate value, followed by a concessional rate for the next slab. An assessee who declared an intention to claim the notification did not forfeit that benefit merely by mistakenly paying duty at 15% on clearances that were otherwise within the exempt first slab. Where the exemption was available, Modvat credit taken on inputs used in the exempt clearances could not be retained and had to be reversed to that extent. Case-Laws Central Excise Wed, 11 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106928