Central Excise - T.I. 68 - Notification No.77/85-C.E., dated 17-3-1985 - Certain clarifications - Regarding

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..... of Excise & Customs, New Delhi Subject : Central Excise - T.I. 68 - Notification No.77/85-C.E., dated 17-3-1985 - Certain clarifications - Regarding. Notification No. 77/85-C.E., dated 17-3-1985 provided for exemption from excise duty for small scale units producing goods falling under Item 68 under the erstwhile Central Excise Tariff. The notification inter alia provided for value limits of cl .....

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..... planation clarifications have been sought for by some Collectors as to whether clearances made under an exemption notification that existed for a part of the financial year and rescinded later should be ignored in terms of explanation II(a) of the notification. 2. The matter has been examined in consultation with the Law Ministry. Explanation II(a) would apply for the purpose of determining both .....

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..... clearances made in a financial year). Accordingly, it is clarified that all clearances made under such a notification issued under rule 8(1) of the Central Excise Rules may not be taken into account for the purpose of computing the value of clearances under the notification. The fact that a notification is rescinded in the middle of a year would not alter this position.
Circular, Trade Notice .....

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