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2012 (9) TMI 26 - HC - Central ExciseWhether the facility of deemed modvat would be available to the re-rollers even after crossing the monetary limit of Rs. 75 Lakhs in respect of value of clearances, in terms of Notification No. 1/93 dated 28-2-1993 – Held that:- Benefit extended to a small scale unit whose total clearances to not extend Rs. 2 Crores - assessee can claim benefit under this notification, the first condition to be fulfilled is that his clearances should be less than Rs. 2 Crores. Once that condition is fulfilled, on the first Rs. 75 Lakhs clearances he can avail the benefit of concessional payment of rate of duty as prescribed under the notification, i.e. first Rs. 30 Lakhs, then Rs. 20 Lakhs and then Rs. 25 Lakhs - in favour of the assessee
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