One of our clients is manufacturer of Biscuits and Wafers.
Biscuits is Exempted under a notification and Wafer is Dutiable.
Now clearances of only Wafer is less then 1.5 Crores.But inclusing the Exempted biscuits, the turnover is exceeding the limit of 1.5 Crores.
Dept has raised a doubt that whether to include the Exempted goods under notification as well with dutiable goods and crossed the 1.5 limit and the company needs to pay duty.
Please clarify on this.Please quote some caselaws as well supporting the case above.
CAclubindia
