2001 (6) TMI 809 - AT - Central Excise

Summary

The appeal by Revenue against Order-in-Appeal No. 20/96(M) (D) was rejected by the Appellate Tribunal CEGAT Tamil Nadu. The Tribunal ruled that the exemption under Notification No. 175/86 CE is based on the value of goods cleared, not the quantity. The respondents were entitled to deduction up to an aggregate value of Rs. 75 lakhs, paying duty at the normal rate only on the value exceeding this limit. The appeal was rejected, following a previous judgment in a similar case.