Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Amendment to Excise Duty Exemption: 10% Duty for Small-Scale Units on Clearances Over 30 Lakhs, Effective April 1986.</h1> The notification amends the Central Excise exemption for small-scale units, effective from April 2, 1986. It revises clauses in the previous notification dated March 1, 1986, concerning excise duty on specified goods. For first clearances up to 30 lakhs, if credit on inputs is availed, a 10% ad valorem duty applies; otherwise, the duty is exempt, with a limit of 15 lakhs per heading. Subsequent clearances up to 60 lakhs also incur a 10% duty, with a minimum of 5%. The total value of clearances under these provisions cannot exceed 75 lakhs annually.