Amendments to Notification No. 1/93-C.E. - S.S.I. exemption - 59/94 - Central Excise - Tariff

Small-scale industry exemption revised with new clearance limits, exclusions, input-credit condition and option to waive exemption.

The notification redefines the Small-Scale Industry exemption by substituting the Annexure to list eligible and excluded goods, revises clearance-value thresholds and aggregate caps for first and subsequent clearances, conditions concessional treatment on input or capital goods credit, excludes manufacturers exceeding prior-year clearance limits and certain registered factories, restricts exemption where goods bear another person's brand subject to specified carve-outs, and permits a manufacturer to opt out of the exemption and pay duty for all subsequent clearances in the financial year; explanatory provisions are amended and an effective commencement date is specified.