https://www.taxtmi.com/caselaws?id=167281 For eligibility under Notification No. 80/80, clearances of goods that were exempted under another Rule 8(1) notification could be excluded under Explanation IV even if those goods became "specified goods" only in the current year and were not so classified in the preceding financial year. The relevant test was whether the goods had the character of specified goods in the year for which exemption was claimed and had been cleared in the preceding year; the Explanation did not require prior-year classification as specified goods. That construction supports exclusion of such clearances from the preceding-year threshold and preserves eligibility for the exemption. en-us Mon, 18 Feb 1985 00:00:00 +0530 Mon, 15 Dec 2014 11:10:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167281 For eligibility under Notification No. 80/80, clearances of goods that were exempted under another Rule 8(1) notification could be excluded under Explanation IV even if those goods became "specified goods" only in the current year and were not so classified in the preceding financial year. The relevant test was whether the goods had the character of specified goods in the year for which exemption was claimed and had been cleared in the preceding year; the Explanation did not require prior-year classification as specified goods. That construction supports exclusion of such clearances from the preceding-year threshold and preserves eligibility for the exemption. Case-Laws Central Excise Mon, 18 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167281