Restoration of excise exemption to the hand processing sector and restoration of SSI exemption for ball & roller bearing industry

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....ndustry To All Chief Commissioner of Central Excise, All Director Generals of CBEC, All Commissioners of Central Excise, All Commissioners of Central Excise (Appeals), All Commissioners of Customs, [email protected] Sir, Subject: Restoration of excise exemption to the hand processing sector and restoration of SSI exemption for ball & roller bearing industry -reg. Notificati....

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....with the aid of power or steam. 3. Notification No. 47/2002-CE seeks to, inter alia, amend notification Nos. 9/96-CE, dated 23-7-2002 and 6/2002-CE, dated 1-3-2002, so as to restore the pre-Budget exemption [both basic and additional duty under the Additional Duties of Excise (Goods of Special Importance) Act, 1957] in respect of woven fabrics of cotton and man-made fibres subjected to the 12 a....

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....ssibility of deemed credit thereon. Restoration of the Rs. 1 crore exemption limit for ball or roller bearing industry. 5. The eligibility of the ball or roller bearings industry for the general SSI exemption was removed in the 2001 Budget. Subsequently vide notification 24/2001-CE dated 30-4-2001, a special scheme having a full exemption of Rs 25 lakhs was formulated for this industry. 6....