https://www.taxtmi.com/circulars?id=7040 The notifications grant concessional excise rates only where, in the financial year for which exemption is claimed, a cement factory's production attains the prescribed minimum of its annual licensed capacity; if production in that year falls below the threshold the unit cannot claim the benefit for that year. Assessments may be provisional until the threshold is met and refunds for past clearances are payable once eligibility is established. The Board interprets "any financial year" to mean the particular year claimed, and the condition was subsequently withdrawn by later notifications. en-us Tue, 26 Jul 1988 00:00:00 +0530 Thu, 09 Jul 2009 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7040 The notifications grant concessional excise rates only where, in the financial year for which exemption is claimed, a cement factory's production attains the prescribed minimum of its annual licensed capacity; if production in that year falls below the threshold the unit cannot claim the benefit for that year. Assessments may be provisional until the threshold is met and refunds for past clearances are payable once eligibility is established. The Board interprets "any financial year" to mean the particular year claimed, and the condition was subsequently withdrawn by later notifications. Circulars Central Excise Tue, 26 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7040