https://www.taxtmi.com/caselaws?id=40781 The percentages in sub-serial numbers (a) to (c) of Sl. No. 2 in Notification No. 146/74 were required to be applied with reference to average production, because the exemption was confined to sugar produced in excess of the average production of the corresponding period of the preceding five sugar years. The advance rebate procedure through the Personal Ledger Account did not alter the plain meaning of the notification, which had to be construed independently of the grant mechanism. The revision applications were therefore rejected against the assessee. en-us Tue, 05 Feb 1980 00:00:00 +0530 Fri, 14 May 2010 16:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40781 The percentages in sub-serial numbers (a) to (c) of Sl. No. 2 in Notification No. 146/74 were required to be applied with reference to average production, because the exemption was confined to sugar produced in excess of the average production of the corresponding period of the preceding five sugar years. The advance rebate procedure through the Personal Ledger Account did not alter the plain meaning of the notification, which had to be construed independently of the grant mechanism. The revision applications were therefore rejected against the assessee. Case-Laws Central Excise Tue, 05 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40781