M/S. Bonanzo Engg. &Chemical; Pvt. Ltd vs Commnr. Of Central Excise

The Supreme Court upheld the Tribunal's decision sustaining the original order of the Adjudicating Authority regarding the applicability of Notification No.175/86-CE and Notification No.111/88-CE under the Central Excise Tariff Act, 1985. The Court clarified that the conditions for claiming exemption under these notifications must be strictly adhered to, particularly regarding the aggregate value of clearances. The ruling emphasized that clearances exempted under other notifications should not be included in the computation of aggregate value for exemption purposes.