1995 (1) TMI 214

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.... the Respondent. [Order per : V.P. Gulati, Member (T)]. - This Reference Application arises out of the Tribunal's order bearing No. 646/1989, dated 28-9-1989. The Tribunal in the order has held that the benefit of Notification 175/86 has to be allowed upto the aggregate limit of Rs. 30 lakhs as specified in the Notification, Rs. 15 lakhs each in respect of the two items cleared by the respon....

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.... limit of 30 lakhs is crossed. 3. We observe that the Hon'ble High Court of Madhya Pradesh at Indore in the case of B.K. Rubber Industries (P) Ltd. v. Union of India, reported in 1993 (68) E.L.T. 575 (M.P.), in the case of a similar notification have held as under : "3. By the said Notification the Government of India has granted exemption to the manufacturers of tyres, tubes and f....

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....he intention is not to grant a total concession of Rs. 75 lacs on the goods cleared at any time during the financial year. The logic is understandable. The exemption was meant to Units whose aggregate clearances in the previous year were below two crores, which shows that the Government wanted the benefit to be taken only by small manufacturers. The exemption was to be given on first clearances i.....