1990 (10) TMI 298

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..... ts of the case, briefly stated, are that the respondents were engaged in the manufacture of soap, an excisable product that figured in the list of goods eligible for duty exemption in terms of Central Excise Notification No. 71/78, dated 1-3-78 and 80/80, dated 19-6-80. The respondents had declared that the aggregate value of clearances would not exceed Rs. 15 lakhs during the financial year 1980- .....

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..... erates the grounds put forth in the memo of appeal. 3. We have considered the DR s submissions and perused the record. It is clear from the statement of facts that the assessment returns were assessed by the central excise officers. In the normal course, they could have come to know in November, 1980 when clearances exceeded the stipulated limit of Rs. 15 lakhs. The ground put forth that the res .....

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