https://www.taxtmi.com/caselaws?id=175097 An exemption claim under Notification No. 9/99 was accepted where the assessees had not separately and expressly exercised the prescribed option, but their classification lists filed with the Superintendent disclosed the intention to avail the exemption. The Tribunal treated those filings as sufficient intimation for the interim stage, noting conflicting Tribunal views on whether formal exercise of option was mandatory and observing that the relevant notification conditions were materially identical to those in a comparable notification. On that basis, the demand and penalties were stayed. en-us Mon, 07 Jul 2003 00:00:00 +0530 Fri, 06 Nov 2015 11:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175097 An exemption claim under Notification No. 9/99 was accepted where the assessees had not separately and expressly exercised the prescribed option, but their classification lists filed with the Superintendent disclosed the intention to avail the exemption. The Tribunal treated those filings as sufficient intimation for the interim stage, noting conflicting Tribunal views on whether formal exercise of option was mandatory and observing that the relevant notification conditions were materially identical to those in a comparable notification. On that basis, the demand and penalties were stayed. Case-Laws Central Excise Mon, 07 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175097