Exemption scope revised for unbranded goods, introducing a retail price threshold that limits central excise exemption eligibility. Amendment to Notification No.30/2004-Central Excise substitutes the Table entry at serial number 16, column (3), to exclude goods bearing or sold under a brand name with a retail sale price (RSP) of Rs. 1000 and above from the exempt class; enacted under section 5A of the Central Excise Act, 1944 read with section 3(3) of the Additional Duties of Excise Act, and notified as No.15/2016-Central Excise dated 1 March 2016.
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Exemption scope revised for unbranded goods, introducing a retail price threshold that limits central excise exemption eligibility.
Amendment to Notification No.30/2004-Central Excise substitutes the Table entry at serial number 16, column (3), to exclude goods bearing or sold under a brand name with a retail sale price (RSP) of Rs. 1000 and above from the exempt class; enacted under section 5A of the Central Excise Act, 1944 read with section 3(3) of the Additional Duties of Excise Act, and notified as No.15/2016-Central Excise dated 1 March 2016.
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