https://www.taxtmi.com/caselaws?id=115839 A taxpayer that had opted for Serial No. 39 in an approved classification list under Notification No. 53/88 could not later claim the concessional benefit under Serial No. 40 of the same notification. Once the option was exercised and accepted, the assessee was bound by that election and could not switch to another concessional entry under the same scheme. The lower authorities were therefore correct in holding that Serial No. 40 was unavailable after the earlier approved choice. en-us Wed, 22 Dec 2004 00:00:00 +0530 Mon, 04 Jun 2012 15:37:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115839 A taxpayer that had opted for Serial No. 39 in an approved classification list under Notification No. 53/88 could not later claim the concessional benefit under Serial No. 40 of the same notification. Once the option was exercised and accepted, the assessee was bound by that election and could not switch to another concessional entry under the same scheme. The lower authorities were therefore correct in holding that Serial No. 40 was unavailable after the earlier approved choice. Case-Laws Central Excise Wed, 22 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115839