TaxTMI 
TaxTMI 
Exempts first clearances for home consumption, falling under the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)
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....ication has been Rescinded vide NOTIFICATION NO. 34/2004-CE, DT. 09/07/2004) NOTIFICATION NO. 36/2003-CE DATED 30/04/2003 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), the Central Go....
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....g under Chapter 63] (herein after referred to as the specified goods), from the whole of the duty of excise specified thereon in the First Schedule to the said Central Excise Tariff Act and First Schedule to the said Additional Duties of Excise (Goods of Special Importance) Act: Provided that during the financial year 2003-2004, the exemption contained in this notification shall apply to the....
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....ble goods, by the said manufacturer from one or more factories, or from a factory by one or more manufacturers, does not exceed ^2[thirty five lakh rupees] in a financial year: Provided that in the financial year 2003-2004, the exemption shall apply only if the aggregate value of clearances of all excisable goods, by a manufacturer from one or more factories, or from a factory by one or more ma....
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....kh rupees]; (iv) the manufacturer shall keep all documents relating to purchase of inputs. (v) the manufacturer may opt not to avail the exemption contained in this notification and clear the specified goods on payment of normal rate of duty. However, once such option has been exercised during a financial year, the said manufacturer shall not be allowed to avail the exemption during the rema....