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2017 (3) TMI 511 - AT - Central ExciseBenefit of N/N. 3/2001-CE dated 01/03/2001 - denial on the ground that the appellant availed exemption of the entire 3500 MTs of products and did not restrict itself to first clearance of 3500 MT - Held that: - The intention of the Government was clearly to exempt first clearances i.e. the clearances in the chronological order up to the aggregate value of ₹ 75 lacs. The intention is not to grant a total concession of ₹ 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.e. in the serial order of clearances. As soon as the aggregate came to ₹ 75 lacs, the concession would automatically stop. The intention was not to give a concession of ₹ 75 lacs straightaway - appeal dismissed - decided against appellant.
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