https://www.taxtmi.com/caselaws?id=40418 The Supreme Court upheld the High Court's decision, ruling that the respondents were entitled to exemption from excise duty under Item 12A(v) for their artificial silk fabric manufacturing businesses. The court emphasized that the production units owned by the respondent individually and in partnerships should not be collectively considered for determining exemption eligibility. The judgment highlighted the legislative intent behind the exemption clause and dismissed the appeals, ordering the appellants to bear the costs of the legal proceedings. en-us Sun, 02 Sep 1962 00:00:00 +0530 Tue, 26 Aug 2014 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40418 The Supreme Court upheld the High Court's decision, ruling that the respondents were entitled to exemption from excise duty under Item 12A(v) for their artificial silk fabric manufacturing businesses. The court emphasized that the production units owned by the respondent individually and in partnerships should not be collectively considered for determining exemption eligibility. The judgment highlighted the legislative intent behind the exemption clause and dismissed the appeals, ordering the appellants to bear the costs of the legal proceedings. Case-Laws Central Excise Sun, 02 Sep 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40418