https://www.taxtmi.com/caselaws?id=111567 An assessee who exercised the option to avail Notification No. 16/97-C.E. at the start of the financial year could not later switch retrospectively to Notification No. 4/97-C.E. from the beginning of that year, because the option under the first notification had to be chosen before the first clearance and could not be withdrawn during the year. However, after exhausting the concessional clearance limit under Notification No. 16/97-C.E., the assessee could move to another beneficial exemption notification under Section 5A(1) of the Central Excise Act, 1944, if the conditions of that notification were met. en-us Tue, 13 Apr 2004 00:00:00 +0530 Tue, 24 Apr 2012 11:25:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111567 An assessee who exercised the option to avail Notification No. 16/97-C.E. at the start of the financial year could not later switch retrospectively to Notification No. 4/97-C.E. from the beginning of that year, because the option under the first notification had to be chosen before the first clearance and could not be withdrawn during the year. However, after exhausting the concessional clearance limit under Notification No. 16/97-C.E., the assessee could move to another beneficial exemption notification under Section 5A(1) of the Central Excise Act, 1944, if the conditions of that notification were met. Case-Laws Central Excise Tue, 13 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111567