https://www.taxtmi.com/caselaws?id=52181 An assessee claiming small-scale exemption under Notification No. 1/93-C.E. could not regularise the exemption by reversing Modvat credit only after clearance of the final product. The earlier Supreme Court ruling on SSI exemption was confined to cases where input credit had been reversed before removal of the exempted goods, so it did not cover post-clearance reversal. Later decisions cited by the assessee merely followed that earlier ratio and did not assist on these different facts. en-us Thu, 06 Feb 2003 00:00:00 +0530 Mon, 04 Oct 2010 10:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52181 An assessee claiming small-scale exemption under Notification No. 1/93-C.E. could not regularise the exemption by reversing Modvat credit only after clearance of the final product. The earlier Supreme Court ruling on SSI exemption was confined to cases where input credit had been reversed before removal of the exempted goods, so it did not cover post-clearance reversal. Later decisions cited by the assessee merely followed that earlier ratio and did not assist on these different facts. Case-Laws Central Excise Thu, 06 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52181