2017 (1) TMI 597

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..... e of the traded goods is excluded than the aggregate value will remain below the threshold limit of Rupees three hundred lakhs. The Notification No. 8/2003-CE for the purpose of SSI exemption is available only for manufactured goods and not for trading goods - the exemption Notification No.8/2003 was wrongly denied by adding the value of the traded goods - appeal allowed - decided in favor of asse .....

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..... te of duty. As per the condition No.2(vii) of the said notification it is provided that the aggregate value of clearances of all excisable goods for home consumption by a manufacturer from one or more factories, or from a factory by one or more manufacturers, does not exceed Rupees Three Hundred Lakhs in the preceding financial year. Show cause notice was issued proposing demand on the basis that .....

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..... tendent (A.R.) appearing on behalf of the Revenue reiterates the findings of the impugned order. 4. On careful consideration of the submissions made by both the sides, we find that there is no dispute that the threshold limit of the aggregate value of Rupees three hundred lakhs was exceeded due to addition of traded goods. If the value of the traded goods is excluded than the aggregate value wi .....

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