https://www.taxtmi.com/caselaws?id=8945 For tax credit certificate purposes under section 280ZD, each commercially distinct variety of paper is treated as a separate class of goods, because the scheme links the credit to identifiable excisable commodities and would defeat its purpose if all paper varieties were grouped together. Where the same class of goods is manufactured in more than one factory, the excess clearance is computed on the aggregate clearances of all factories owned by the assessee, not factory-wise in isolation, because the statutory language and scheme require total production of the same class across units to be considered together. en-us Wed, 06 Jun 1973 00:00:00 +0530 Wed, 17 Jun 2009 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8945 For tax credit certificate purposes under section 280ZD, each commercially distinct variety of paper is treated as a separate class of goods, because the scheme links the credit to identifiable excisable commodities and would defeat its purpose if all paper varieties were grouped together. Where the same class of goods is manufactured in more than one factory, the excess clearance is computed on the aggregate clearances of all factories owned by the assessee, not factory-wise in isolation, because the statutory language and scheme require total production of the same class across units to be considered together. Case-Laws Income Tax Wed, 06 Jun 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8945