2010 (1) TMI 379

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....r the Appellant. Shri C. Rangaraju, SDR, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. - The brief facts of the case are that the assessees herein who are manufacturers of calcium carbide had purchased M/s. Sangavi Industries, a proprietary concern. In other words, the factory of M/s. Sangavi Industries was taken over by the appellants herein who continued to manufact....

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....des. Para-2 of the Notification No. 1/93 stipulates that nothing contained in the notification shall apply if the aggregate value of clearances of the specified goods for home consumption in a financial year — (a) ...... or (b) from a factory by one or more manufacturers had exceeded Rs. 200 lakhs in the preceding financial year. There is no dispute that the clearances from the factory including....