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of <h1>Central Government Grants Excise Duty Exemptions for Jammu & Kashmir Goods under Notification No. 57/2002, Valid for Ten Years.</h1> The Central Government issued Notification No. 57/2002 on November 14, 2002, granting excise duty exemptions for specific goods produced in Jammu & Kashmir. This exemption applies to goods cleared from units in the region, excluding those listed in the annexure. The duty exemption is calculated based on value addition in manufacturing, with specific rates outlined in a table. Manufacturers must utilize CENVAT credit before claiming exemptions and submit duty statements for verification. The notification applies to new units established after June 14, 2002, and existing units that expanded or invested significantly, with conditions on employment and investment. The exemption is valid for ten years but excludes certain processes and goods.
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