Merger exemption for small combinations where notified asset and turnover thresholds keep transactions outside merger control. The Central Government exempts specified acquisitions, control acquisitions and mergers involving enterprises in production, distribution or trading of similar or substitutable goods or services from the Competition Act combination provisions for a limited five year period where asset value or turnover do not exceed the notified India thresholds. For transfers of a portion, division or business, asset value is the preceding year's audited book value reduced by depreciation and including specified intangibles; turnover must be certified by the statutory auditor from the last audited accounts.