https://www.taxtmi.com/caselaws?id=354474 A small-scale re-rolling unit eligible for exemption under Notification No. 1/93-C.E. was entitled to deemed credit under the Government of India's order dated 1-3-1994 because that order allowed credit on ingots and re-rollable materials in stock on or after 1-4-1994 and expressly dispensed with duty-paying documents. The Bombay HC held that a trade notice could not add a restrictive clearances ceiling inconsistent with the deemed credit order. As the assessee's aggregate clearances were below the prescribed exemption limit and the statutory conditions were satisfied, denial of credit solely because clearances crossed the lower threshold was unjustified. en-us Tue, 29 Aug 2017 00:00:00 +0530 Tue, 30 Jan 2018 08:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354474 A small-scale re-rolling unit eligible for exemption under Notification No. 1/93-C.E. was entitled to deemed credit under the Government of India's order dated 1-3-1994 because that order allowed credit on ingots and re-rollable materials in stock on or after 1-4-1994 and expressly dispensed with duty-paying documents. The Bombay HC held that a trade notice could not add a restrictive clearances ceiling inconsistent with the deemed credit order. As the assessee's aggregate clearances were below the prescribed exemption limit and the statutory conditions were satisfied, denial of credit solely because clearances crossed the lower threshold was unjustified. Case-Laws Central Excise Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354474