https://www.taxtmi.com/caselaws?id=114878 Under Notification No. 1/93-C.E., the exemption was available only from 20-5-1994, when the relevant goods became covered and the assessee could legally opt for the benefit. Clearances made before that opt-in date were not to be counted for computing the exemption slab, because they were outside the period in which the notification could operate for the assessee. Following the binding High Court view, the value of earlier duty-paid clearances was excluded from the aggregate clearances for the financial year, and the exemption limit had to be worked out from the date the assessee elected to avail the notification. en-us Tue, 22 Jul 2003 00:00:00 +0530 Mon, 21 May 2012 18:12:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114878 Under Notification No. 1/93-C.E., the exemption was available only from 20-5-1994, when the relevant goods became covered and the assessee could legally opt for the benefit. Clearances made before that opt-in date were not to be counted for computing the exemption slab, because they were outside the period in which the notification could operate for the assessee. Following the binding High Court view, the value of earlier duty-paid clearances was excluded from the aggregate clearances for the financial year, and the exemption limit had to be worked out from the date the assessee elected to avail the notification. Case-Laws Central Excise Tue, 22 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114878