https://www.taxtmi.com/caselaws?id=368048 Small Scale Industry exemption for 1994-95 was available because the preceding-year turnover, even on the adjudicator's own findings, remained below the exemption threshold; the duty and interest therefore had to be recomputed on that basis. The penalties on the assessee and the managing partner were also found excessive in light of the partial relief on exemption and were reduced. The order was otherwise maintained. en-us Mon, 24 Sep 2018 00:00:00 +0530 Mon, 01 Oct 2018 08:41:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368048 Small Scale Industry exemption for 1994-95 was available because the preceding-year turnover, even on the adjudicator's own findings, remained below the exemption threshold; the duty and interest therefore had to be recomputed on that basis. The penalties on the assessee and the managing partner were also found excessive in light of the partial relief on exemption and were reduced. The order was otherwise maintained. Case-Laws Central Excise Mon, 24 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368048