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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Exemption on Excise Duty for First 50 Lakh Clearances in 1998-99; Subsequent 5% Duty Applies; Conditions Apply.</h1> Notification No. 08/1998-CE, dated June 2, 1998, issued under the Central Excise Act, 1944, exempts certain excisable goods from excess excise duty beyond specified limits for the financial year 1998-99. The first clearances up to an aggregate value of fifty lakh rupees are exempt from duty, while subsequent clearances are subject to a five percent ad valorem duty. The notification supersedes the previous Notification No. 16/97-CE. Manufacturers have the option to pay the normal duty rate instead of availing the exemption. Specific conditions and exceptions apply, including restrictions on brand name usage and credit utilization under certain rules. The notification is effective until March 31, 1999.
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