https://www.taxtmi.com/caselaws?id=108826 Small-scale exemption under Notification No. 1/93 was available where Modvat credit on capital goods had been taken in an earlier year, but no fresh credit was availed during the exemption period itself. The notification condition was not applied to deny exemption merely because an outstanding credit balance remained from an earlier period, especially where the balance was minimal and offered to be foregone. On these facts, the restriction was held unjustified and the duty demand on exempt clearances was set aside. en-us Thu, 23 Jan 2003 00:00:00 +0530 Wed, 04 Apr 2012 10:56:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108826 Small-scale exemption under Notification No. 1/93 was available where Modvat credit on capital goods had been taken in an earlier year, but no fresh credit was availed during the exemption period itself. The notification condition was not applied to deny exemption merely because an outstanding credit balance remained from an earlier period, especially where the balance was minimal and offered to be foregone. On these facts, the restriction was held unjustified and the duty demand on exempt clearances was set aside. Case-Laws Central Excise Thu, 23 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108826