https://www.taxtmi.com/caselaws?id=113708 An assessee that elects to pay duty at the normal rate at the start of a financial year cannot switch to the concessional rate under Notification No. 1/93 during that same year. The proviso to Para 4 was read as barring reversion once the option for the normal rate is exercised, and the governing condition was treated as applying for the full financial year. The lower authority's interpretation was found consistent with the notification, and the demand was upheld. en-us Tue, 07 Oct 2003 00:00:00 +0530 Mon, 07 May 2012 18:13:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113708 An assessee that elects to pay duty at the normal rate at the start of a financial year cannot switch to the concessional rate under Notification No. 1/93 during that same year. The proviso to Para 4 was read as barring reversion once the option for the normal rate is exercised, and the governing condition was treated as applying for the full financial year. The lower authority's interpretation was found consistent with the notification, and the demand was upheld. Case-Laws Central Excise Tue, 07 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113708