https://www.taxtmi.com/caselaws?id=220788 An exemption option under Notification No. 16/97-CE had to be exercised before the first clearance in the financial year. Because the option was exercised only after the first clearance, it was ineffective from inception and not a valid exercise of the notified choice. The assessee could therefore not claim the notification benefit for any part of 1997-98, and any benefit already taken had to be reversed. Duty for the relevant period was required to be computed outside the exemption scheme. en-us Wed, 06 Feb 2013 00:00:00 +0530 Tue, 07 May 2013 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220788 An exemption option under Notification No. 16/97-CE had to be exercised before the first clearance in the financial year. Because the option was exercised only after the first clearance, it was ineffective from inception and not a valid exercise of the notified choice. The assessee could therefore not claim the notification benefit for any part of 1997-98, and any benefit already taken had to be reversed. Duty for the relevant period was required to be computed outside the exemption scheme. Case-Laws Central Excise Wed, 06 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220788