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2003 (10) TMI 50 - SC - Central ExciseBenefit of common funding - Held that:- there are two circulars on dated 1-3-1956 and another Circular No. 6/82, dated 29-5-1992 issued by the Central Board of Excise & Customs, New Delhi to the effect that a limited company should be treated as a separate entity for the purpose of exemption limit and the effect thereof had not been considered - This aspect of the matter, as to the applicability of the circulars, has not been examined inasmuch as the same had not been brought to the notice of the Tribunal. Therefore, we think it appropriate to set aside the order made by the Tribunal and remit the matter to the Tribunal for fresh consideration in accordance with law - Decided in favour of assessee.
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