https://www.taxtmi.com/caselaws?id=260152 Under Notification No. 175/86-C.E., the aggregate value of clearances is to be reckoned chronologically from the first clearances in the financial year, and clearances made on payment of duty are not excluded from that computation. The notification's "first clearances" condition therefore operates by reference to the sequence of removals until the prescribed monetary ceiling is reached. The chapter-wise exemption limit is read within the overall aggregate cap and cannot be used to reallocate or extend the benefit after the ceiling has been crossed. On that interpretation, the exemption claim was not sustainable. en-us Thu, 13 Nov 2014 00:00:00 +0530 Wed, 03 Jun 2015 09:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260152 Under Notification No. 175/86-C.E., the aggregate value of clearances is to be reckoned chronologically from the first clearances in the financial year, and clearances made on payment of duty are not excluded from that computation. The notification's "first clearances" condition therefore operates by reference to the sequence of removals until the prescribed monetary ceiling is reached. The chapter-wise exemption limit is read within the overall aggregate cap and cannot be used to reallocate or extend the benefit after the ceiling has been crossed. On that interpretation, the exemption claim was not sustainable. Case-Laws Central Excise Thu, 13 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260152