9911796707
TMI Blog2018 (1) TMI 249X X X X Extracts X X X X X X X X Extracts X X X X ..... nly issue to be decided in this appeal is whether the appellant have exceeded the exemption limit of Rs. 15 lakhs in every financial year i.e. from 1995-96 to 1998-99 and whether they are eligible for exemption Notification No.75/87-CE dt.1.3.1987 on the clearances of heat exchangers which is a part of refrigeration and air conditioner machine. 2. None appeared on behalf of the appellant. However ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order and further he submits that they have claimed exemption notification No.75/87 and 1/93 both the notifications are based on the value of clearances. He submits that in both the notifications the value of goods which are exempted based on value of quantity of clearances has to be added in the aggregate value in the year 96-97 and 97-98 after adding value under both the notification claimed by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... viable thereon is granted based upon the value of quantity of clearances made in a financial year) issued under sub-rule (1) of rule 8 of the Central Excise Rules, 1944 shall not be taken into account." Explanation -II of Notification No.1/93 reads as under:- "Explanation II- For the purposes of computing the aggregate value of clearances under this notification, the clearances of any excisable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... value of both the notifications are as under:- Financial Year Notification No. Amount 1996-97 Notification No.75/87-CE and Notification No.1/93 Rs.10,73,245.50 Rs.10,61,000.00 Rs.21,34,245.50 1997-98 Notification No.75/87-CE and Notification No.1/93 Rs.12,90,381.00 Rs.3,92,814.00 Rs.16,83,195.00 From the above it can be seen that in the year 1996-97 and 1997-98 the aggregate v ..... X X X X Extracts X X X X X X X X Extracts X X X X
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