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>Excise Duty Exemption for Small-Scale Units on Specified Goods Under Central Excise Tariff Act, 1985; Conditions Apply</h1> The notification grants excise duty exemptions to small-scale units for specified goods under the Central Excise Tariff Act, 1985, effective from April 1 of any financial year. Exemptions apply to initial clearances up to a value of 7.5 lakhs, with varying rates based on the manufacturer's use of input duty credits. Subsequent clearances up to 60 lakhs are also covered. The total value of clearances must not exceed specified limits, and exemptions apply only to registered small-scale industries. The notification excludes manufacturers exceeding 150 lakhs in clearances in the previous year and includes specific conditions and exclusions for certain goods and scenarios.