https://www.taxtmi.com/caselaws?id=340008 Notification No. 3/2001-CE was interpreted as granting exemption only to the first clearances in chronological order up to an aggregate of 3,500 MT during the financial year, not to any clearances chosen at the assessee's discretion. Goods cleared outside that sequence were therefore liable to duty. The argument that the demand should fail on revenue neutrality was rejected because the notification was found to create a limited exemption tied to the order of clearances. The assessee could not claim the entire 3,500 MT in the manner adopted, and the duty demand was sustainable. en-us Thu, 23 Feb 2017 00:00:00 +0530 Wed, 07 Feb 2018 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340008 Notification No. 3/2001-CE was interpreted as granting exemption only to the first clearances in chronological order up to an aggregate of 3,500 MT during the financial year, not to any clearances chosen at the assessee's discretion. Goods cleared outside that sequence were therefore liable to duty. The argument that the demand should fail on revenue neutrality was rejected because the notification was found to create a limited exemption tied to the order of clearances. The assessee could not claim the entire 3,500 MT in the manner adopted, and the duty demand was sustainable. Case-Laws Central Excise Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340008