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of <h1>New Scheme Exempts Small-Scale Units from Excise Duty; Conditions Apply, Effective April 1, 1997, Under Notification No. 16/97-C.E.</h1> The Central Government has introduced a new exemption scheme for small-scale units effective from April 1, 1997, under Notification No. 16/97-C.E., replacing the previous Notification No. 7/97-C.E. This scheme exempts certain excisable goods from excise duty beyond specified limits. The exemption applies to clearances up to INR 30 lakhs at nil rate, the next INR 20 lakhs at 3% ad valorem, and further INR 50 lakhs at 5% ad valorem. Manufacturers can opt out of this exemption, and conditions apply regarding credit of duty and aggregate clearances. The scheme excludes goods with another's brand name unless specified exceptions apply.
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