1981 (11) TMI 179

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....Secretaries]. - Government of India have considered the assessee's reply to the show cause notice issued to them, the points urged by them at the time of personal hearing and have examined the records of the case. 2. Govt. observe that the assessee manufactures paints and varnishes falling under Item 14 of the First Schedule of the Central Excise and Salt Act, 1944, which have been modifie....

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....e rate of duty. 3. The assessee, therefore, opted out of the said simplified procedure and were permitted to do so with effect from 1-11-1977 but were once again denied the benefit of Notification No. 218/77, dated 15-7-1977, on the ground that they were precluded from the benefit of all exemption notifications by virtue of the second proviso to Notification No. 14/76, dated 23-1-1976. ....

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.... i.e. to such assessees who either apply for a Central Excise Licence on or after 1-1-1976 or who possess a licence for less than 12 months preceding the month in which they apply for the benefit of Chapter VIIB ibid. Such assessees are captioned New Assessees. 5. As regards other assessees i.e., those who have possessed a Central Excise licence for more than 12 months preceding the month ....