1997 (4) TMI 162 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, MADRAS dismissed the reference application regarding extending deemed credit benefit to an SSI unit availing exemption under Notification No. 1/93-C.E. The Tribunal held that the benefit would be available even after crossing the value of clearances of Rs. 75 lakhs, as long as total clearances fall within overall eligibility parameters. The benefit was granted considering the unique conditions under which SSI units operate. The reference application was dismissed.