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of <h1>Small-Scale Industries Can Claim Excise Exemption Up to Rs. 1.5 Crore Under Notification No. 8/2003 CE</h1> SSI units under Central Excise can avail an exemption up to Rs. 1.5 crore without Cenvat Credit, as per notification No. 8/2003 CE. Alternatively, they may opt to pay excise duty with Cenvat Credit. Eligibility for this exemption is based on a turnover not exceeding Rs. 4 crore in the previous financial year. The value of clearance is calculated by excluding certain clearances such as exempted goods, exports (except to Nepal and Bhutan), and goods with no excise duty. The calculation methods for current and previous years' turnovers are specified in the notification.
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