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of <h1>Central Government Lowers Excise Duty Exemption Limit for Small Scale Industries to 55 Lakhs Under Section 5A(1)</h1> The Central Government has amended Notification No. 175/86-Central Excises, dated March 1, 1986, under the Central Excises and Salt Act, 1944. Effective April 2, 1990, this amendment reduces the exemption limit for Small Scale Industries (S.S.I.) units from 'rupees sixty lakhs' to 'rupees fifty-five lakhs.' This change is made under the authority of section 5A(1) of the Act, aiming to serve the public interest by adjusting the financial threshold for excise duty exemptions applicable to eligible S.S.I. units.
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