https://www.taxtmi.com/caselaws?id=49141 The expression "value" in proviso (vii) to Notification No. 197/62, issued under Rule 12 of the Central Excise Rules, 1944, had to be construed in its export context as the value at the time of exportation, namely value-cum-duty. The notification's wording could not be read by importing the assessable ex-duty value under Section 4 of the Central Excises and Salt Act, 1944, because that would make the phrase "at the time of exportation" redundant. A contextual and commercially realistic meaning was required, and the rebate claim was therefore entitled to be processed and sanctioned. en-us Fri, 06 Aug 1993 00:00:00 +0530 Mon, 09 Aug 2010 18:07:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49141 The expression "value" in proviso (vii) to Notification No. 197/62, issued under Rule 12 of the Central Excise Rules, 1944, had to be construed in its export context as the value at the time of exportation, namely value-cum-duty. The notification's wording could not be read by importing the assessable ex-duty value under Section 4 of the Central Excises and Salt Act, 1944, because that would make the phrase "at the time of exportation" redundant. A contextual and commercially realistic meaning was required, and the rebate claim was therefore entitled to be processed and sanctioned. Case-Laws Central Excise Fri, 06 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49141