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of <h1>Excise Duty Exemption for Small Manufacturers: First 50 Lakh Clearances Free; Next Up to 1 Crore at 5% Duty Rate</h1> The notification grants an exemption from excise duty for small-scale manufacturers with clearances not exceeding three crore rupees in the previous financial year, who do not use the Modvat scheme for clearances up to one crore rupees. Effective from April 1, 1999, the first clearances of specified goods up to 50 lakh rupees are exempt from duty, while subsequent clearances incur a concessional duty of five percent ad valorem. Conditions include non-availment of duty credit on inputs and capital goods, and the exemption applies to aggregate clearances, not individual factories or manufacturers. The notification excludes goods with certain brand names or those falling under specific tariff headings.
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