https://www.taxtmi.com/caselaws?id=233451 A re-roller availing Notification No. 1/93-C.E. could continue to claim deemed credit under the Ministry's Order dated 01.03.1994 even after clearances crossed the Rs. 75 lakhs slab. The Rs. 75 lakhs limit was treated as regulating the extent of exemption, not as removing the unit from the class of manufacturers covered by the notification. The deemed credit order was therefore not curtailed by a trade note or by the contrary larger-bench view, and the manufacturer remained eligible for credit on inputs lying in stock on or after 01.04.1994. en-us Tue, 26 Feb 2013 00:00:00 +0530 Thu, 08 Oct 2015 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233451 A re-roller availing Notification No. 1/93-C.E. could continue to claim deemed credit under the Ministry's Order dated 01.03.1994 even after clearances crossed the Rs. 75 lakhs slab. The Rs. 75 lakhs limit was treated as regulating the extent of exemption, not as removing the unit from the class of manufacturers covered by the notification. The deemed credit order was therefore not curtailed by a trade note or by the contrary larger-bench view, and the manufacturer remained eligible for credit on inputs lying in stock on or after 01.04.1994. Case-Laws Central Excise Tue, 26 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233451