2009 (1) TMI 544

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....lant. Shri R.S. Sarova, JDR, for the Respondent. [Order per : B.S.V. Murthy, Member (T)]. - The limited issue to be decided in the present appeal is whether the clearance value of exempted goods of preceding year i.e. 2002-03 is to be taken into consideration for computing the aggregate value of clearance of Rs. 3 crores for the purposes of eligibility for the benefit of valuation based e....

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....f Rs. 3 crores for SSI exemption is w.e.f. 1-4-2003 and it would be considered for the next year. The ld. DR on the other hand adopts the arguments of the Commissioner (Appeals). 3. We have considered the submissions made by both the sides. The ld. Consultant has relied upon the RAC meeting minutes, explanatory notes contained in the letter of the JS (TRU) etc. in support of his contention....

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....revious year. It cannot be said that by changing the method for computing the value of clearances in the previous year for the purpose of availment of exemption during the current year retrospective effect has been given to the Notification as contended by the ld. Consultant. Further the letter of the JS (TRU) cited by him was issued before the amendment and in any case there is no estoppel in sta....