Pushpam Pharmaceuticals Co. Vs. CCE

The appellant manufactured two categories of goods:

• Goods falling under Tariff Item 14E, which were eligible for exemption under Notification No. 111/78 if the annual turnover remained below ₹5 lakhs.
• Goods falling under Tariff Item 68, which were completely exempt from excise duty.

Since the turnover of goods under Tariff Item 14E was below ₹5 lakhs, the appellant claimed exemption under Notification No. 111/78 and surrendered its Central Excise licence.