https://www.taxtmi.com/caselaws?id=52328 For Clause (b) of the 3rd proviso to Notification No. 2/95-C.E., the free on board value of exports was held to mean only physical exports out of India. Deemed exports permitted by the Development Commissioner could not be included because the notification used the term "export" in its ordinary sense and did not extend the exemption computation to deemed exports. Although DTA clearances may be allowed under the Exim Policy for policy purposes, entitlement to duty exemption had to be tested strictly on the notification's terms. The value limit was therefore to be computed only on physical exports, and the restriction was upheld. en-us Fri, 31 Oct 2003 00:00:00 +0530 Tue, 05 Oct 2010 11:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52328 For Clause (b) of the 3rd proviso to Notification No. 2/95-C.E., the free on board value of exports was held to mean only physical exports out of India. Deemed exports permitted by the Development Commissioner could not be included because the notification used the term "export" in its ordinary sense and did not extend the exemption computation to deemed exports. Although DTA clearances may be allowed under the Exim Policy for policy purposes, entitlement to duty exemption had to be tested strictly on the notification's terms. The value limit was therefore to be computed only on physical exports, and the restriction was upheld. Case-Laws Central Excise Fri, 31 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52328