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    <title>Exemption from licensing</title>
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    <description>Exemption from licensing: manufacturers of goods fully exempt from excise duty under a notification or by reason of export are exempted from a licensing rule while they remain fully exempt, but the exemption ceases when the aggregate value of clearances by a manufacturer or from any factory by manufacturers exceeds a prescribed value threshold. Export clearances count as home-consumption value for threshold calculation. Claimants must submit a prescribed declaration and undertaking initially and annually, apply for a licence if the threshold is reached, maintain prescribed records and procedures, and notify changes; a specified tariff classification is excluded from the exemption.</description>
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    <pubDate>Sat, 01 Mar 1986 00:00:00 +0530</pubDate>
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      <title>Exemption from licensing</title>
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      <description>Exemption from licensing: manufacturers of goods fully exempt from excise duty under a notification or by reason of export are exempted from a licensing rule while they remain fully exempt, but the exemption ceases when the aggregate value of clearances by a manufacturer or from any factory by manufacturers exceeds a prescribed value threshold. Export clearances count as home-consumption value for threshold calculation. Claimants must submit a prescribed declaration and undertaking initially and annually, apply for a licence if the threshold is reached, maintain prescribed records and procedures, and notify changes; a specified tariff classification is excluded from the exemption.</description>
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      <pubDate>Sat, 01 Mar 1986 00:00:00 +0530</pubDate>
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