https://www.taxtmi.com/caselaws?id=115768 A single-item manufacturer of micro cellular rubber sheets was entitled to the full exemption limit under Notification No. 175/86-CX, because the proviso restricting exemption to two clearances of Rs. 15 lakhs applied only where more than one item was manufactured. The lower authority's view that a single-item manufacturer was confined to Rs. 15 lakhs was erroneous. On that basis, the assessee remained eligible for exemption up to Rs. 30 lakhs, and the demand of duty and equal penalty were set aside. en-us Wed, 03 Nov 2004 00:00:00 +0530 Fri, 01 Jun 2012 17:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115768 A single-item manufacturer of micro cellular rubber sheets was entitled to the full exemption limit under Notification No. 175/86-CX, because the proviso restricting exemption to two clearances of Rs. 15 lakhs applied only where more than one item was manufactured. The lower authority's view that a single-item manufacturer was confined to Rs. 15 lakhs was erroneous. On that basis, the assessee remained eligible for exemption up to Rs. 30 lakhs, and the demand of duty and equal penalty were set aside. Case-Laws Central Excise Wed, 03 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115768