https://www.taxtmi.com/caselaws?id=246595 Notification No. 32/1999-C.E. was to be applied on a monthly basis, because the prescribed benefit depended on duty payment and Cenvat credit utilisation at month-end rather than on a separate test for each clearance day. The notification contained both an upper limit linked to value addition and a lower limit based on duty actually paid in cash, and nothing in its terms justified daily computation of eligibility. The assessee could not be denied the lower-limit benefit merely because entitlement was examined with reference to each day's clearances, and the exemption was therefore available on the monthly computation adopted in the document. en-us Tue, 11 Sep 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246595 Notification No. 32/1999-C.E. was to be applied on a monthly basis, because the prescribed benefit depended on duty payment and Cenvat credit utilisation at month-end rather than on a separate test for each clearance day. The notification contained both an upper limit linked to value addition and a lower limit based on duty actually paid in cash, and nothing in its terms justified daily computation of eligibility. The assessee could not be denied the lower-limit benefit merely because entitlement was examined with reference to each day's clearances, and the exemption was therefore available on the monthly computation adopted in the document. Case-Laws Central Excise Tue, 11 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246595