https://www.taxtmi.com/caselaws?id=116689 A Small Scale Industry exemption notification measured relief by the aggregate value of clearances, and the Tribunal held that an assessee may structure clearances so the remaining balance within the prescribed limit is set off against the value of goods cleared. Because the notification governed the value of clearances rather than any artificial restriction on accounting form, apportioning a clearance for this purpose was permissible. The Tribunal preferred this view over the contrary line and upheld the assessee's entitlement to the exemption, rejecting the Revenue's challenge. en-us Wed, 14 Sep 2005 00:00:00 +0530 Thu, 14 Jun 2012 17:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116689 A Small Scale Industry exemption notification measured relief by the aggregate value of clearances, and the Tribunal held that an assessee may structure clearances so the remaining balance within the prescribed limit is set off against the value of goods cleared. Because the notification governed the value of clearances rather than any artificial restriction on accounting form, apportioning a clearance for this purpose was permissible. The Tribunal preferred this view over the contrary line and upheld the assessee's entitlement to the exemption, rejecting the Revenue's challenge. Case-Laws Central Excise Wed, 14 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116689