https://www.taxtmi.com/caselaws?id=46514 Under Notification No. 175/1986-C.E., clearances of specified inputs used within the factory for further manufacture of specified goods were to be excluded from the aggregate value of clearances when the scheme of the notification was read as a whole. The SC noted that Explanation II excluded exempt or nil-duty clearances from turnover computation, while Explanation III separately excluded inputs used in further manufacture of specified goods. The combined effect was to leave out both exempt finished goods and the inputs used to make them, preventing double counting in the small-scale exemption scheme. The assessee was therefore entitled to the notification benefit. en-us Tue, 11 Mar 2003 00:00:00 +0530 Sat, 31 Jan 2015 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46514 Under Notification No. 175/1986-C.E., clearances of specified inputs used within the factory for further manufacture of specified goods were to be excluded from the aggregate value of clearances when the scheme of the notification was read as a whole. The SC noted that Explanation II excluded exempt or nil-duty clearances from turnover computation, while Explanation III separately excluded inputs used in further manufacture of specified goods. The combined effect was to leave out both exempt finished goods and the inputs used to make them, preventing double counting in the small-scale exemption scheme. The assessee was therefore entitled to the notification benefit. Case-Laws Central Excise Tue, 11 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46514