https://www.taxtmi.com/caselaws?id=109470 An exemption notification that expressly bars withdrawal of an exercised option during the financial year binds the manufacturer for that year. A unit that had opted at the start of 2000-2001 under Notification No. 9/2000-C.E. could not later resile from that choice and switch to Notification No. 8/2000-C.E. The Board letter relied on by the assessee did not apply because it concerned different notifications. The option under Notification No. 9/2000-C.E. therefore remained operative, and the demand and penalty sustained in the impugned order were left undisturbed. en-us Mon, 24 Mar 2003 00:00:00 +0530 Tue, 10 Apr 2012 13:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109470 An exemption notification that expressly bars withdrawal of an exercised option during the financial year binds the manufacturer for that year. A unit that had opted at the start of 2000-2001 under Notification No. 9/2000-C.E. could not later resile from that choice and switch to Notification No. 8/2000-C.E. The Board letter relied on by the assessee did not apply because it concerned different notifications. The option under Notification No. 9/2000-C.E. therefore remained operative, and the demand and penalty sustained in the impugned order were left undisturbed. Case-Laws Central Excise Mon, 24 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109470