https://www.taxtmi.com/notifications?id=17294 Exempts goods under heading No. 85.18 from excise duty above the reduced ad valorem rate where the industrial unit's capital investment, taken at face value and excluding permanently removed or unfit plant and machinery, does not exceed a prescribed threshold, and where aggregate clearances of those goods for home consumption in the preceding financial year did not exceed a prescribed turnover ceiling; the exemption is subject to an annual cap on first clearances at the reduced rate and excludes manufacturers or units exceeding specified turnover limits. Value is as statutorily defined. en-us Tue, 25 Mar 1986 00:00:00 +0530 Thu, 23 Jul 2009 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=17294 Exempts goods under heading No. 85.18 from excise duty above the reduced ad valorem rate where the industrial unit's capital investment, taken at face value and excluding permanently removed or unfit plant and machinery, does not exceed a prescribed threshold, and where aggregate clearances of those goods for home consumption in the preceding financial year did not exceed a prescribed turnover ceiling; the exemption is subject to an annual cap on first clearances at the reduced rate and excludes manufacturers or units exceeding specified turnover limits. Value is as statutorily defined. Notifications Central Excise Tue, 25 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/notifications?id=17294