https://www.taxtmi.com/caselaws?id=112854 A small-scale unit availing exemption under Notification No. 1/93-C.E. did not lose deemed Modvat credit merely because its clearances crossed the Rs. 75 lakhs threshold; the exemption character attached to the unit as a whole, so the higher clearances did not by themselves disqualify it from the credit benefit. However, credit claimed after 15-3-95, when the facility was withdrawn, required separate factual examination and fresh determination of eligibility after natural justice. The objection based solely on crossing the monetary limit was rejected, while the matter was remanded only for verification of post-withdrawal credit. en-us Wed, 31 Dec 2003 00:00:00 +0530 Wed, 02 May 2012 11:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112854 A small-scale unit availing exemption under Notification No. 1/93-C.E. did not lose deemed Modvat credit merely because its clearances crossed the Rs. 75 lakhs threshold; the exemption character attached to the unit as a whole, so the higher clearances did not by themselves disqualify it from the credit benefit. However, credit claimed after 15-3-95, when the facility was withdrawn, required separate factual examination and fresh determination of eligibility after natural justice. The objection based solely on crossing the monetary limit was rejected, while the matter was remanded only for verification of post-withdrawal credit. Case-Laws Central Excise Wed, 31 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112854