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of <h1>Govt exempts excise duty on certain dyes and pigments up to Rs. 15 lakhs for first clearances till March 1986.</h1> The Central Government issued a notification exempting pigments, preparations, and synthetic organic dyes falling under specific sub-headings of the Central Excise Tariff Act, 1985, from excise duty exceeding 50% for the first clearances for home consumption up to a value of Rs. 15 lakhs between April 1, 1985, and March 31, 1986. This exemption does not apply if the total clearances of excisable goods exceed Rs. 20 lakhs or if the specific goods exceed Rs. 15 lakhs in the preceding financial year. Manufacturers must file a declaration if they have not cleared goods in the previous year. The notification is valid until March 31, 1986.
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