1993 (4) TMI 83

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.... the petitioner on admission. 2. This is a petition filed by a manufacturer, whose products are exigible to excise duty under the Central Excises and Salt Act, 1944. The petitioner claims that he is entitled to clear the goods simultaneously at a concessional rate of duty as also at the full rate of duty. The question is of interpretation of the Notification No. 65/81, dated 25th March, 1981, a....

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....he Government was clearly to exempt first clearances i.e. the clearances in the chronological order up to the aggregate value of Rs. 75 lacs. The 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, w....