https://www.taxtmi.com/caselaws?id=268530 Under Notification No. 50/03-CE, the sunset clause was treated as governing unit eligibility rather than the date by which the option had to be exercised, so late filing of the declaration did not by itself defeat exemption. However, the written option requirement remained substantive: because the manufacturer had to exercise the option before first clearance, exemption operated only from the date of filing and could not relate back to the earlier production period. The filing was relevant to verify eligibility and prevent misuse, and relief was therefore confined to prospective operation from the declaration date. en-us Wed, 25 Feb 2015 00:00:00 +0530 Mon, 15 Feb 2016 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268530 Under Notification No. 50/03-CE, the sunset clause was treated as governing unit eligibility rather than the date by which the option had to be exercised, so late filing of the declaration did not by itself defeat exemption. However, the written option requirement remained substantive: because the manufacturer had to exercise the option before first clearance, exemption operated only from the date of filing and could not relate back to the earlier production period. The filing was relevant to verify eligibility and prevent misuse, and relief was therefore confined to prospective operation from the declaration date. Case-Laws Central Excise Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268530