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2018 (7) TMI 1047 - AT - Central ExciseSmall Scale exemption - determination of turnover upto ₹ 4 crores of previous financial year - The appellant has availed the said exemption during the Financial Year 2007-08 whereas Revenue alleged that during Financial Year 2006-07 appellant had exceeded the said limit of aggregate value of clearance for home consumption - N/N. 08/2003-CE dated 01.03.2003 - Held that:- There was no justification in including the value of clearance of ₹ 6,69,600/- during the Financial Year 2006-07 since the same were returned during the month of March, 2007, as provided by provisions under Rule 16 of Central Excise Rules, 2002 - During the Financial Year 2006-07 the value of clearance was less than the threshold value of ₹ 4 crores. Therefore, the appellants were eligible for availment of Small Scale Exemption under N/N. 08/2003-CE dated 01/03/2003 for the Financial Year 2007-08. Demand set aside - appeal allowed - decided in favor of appellant.
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