Exemption from operation of Rule 174 to exempted goods

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....Government, being satisfied that it is necessary and expedient in the public interest so to do, hereby exempts from the operation of rule 174 of the said rules, goods specified in the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), so long as the said goods are chargeable to nil rate of duty or remain exempt from the whole of the duty of excise leviable thereon : Provided that wher....

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....le claiming exemption for the first time under this notification and thereafter before the 15th day of April of each financial year : Provided further that where the exemption from the whole of the duty of excise leviable on the said goods is granted, based on the value of clearances made in a financial year, nothing in this notification shall apply if the aggregate value of the said goods clea....

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....dule become chargeable to duty. I/We undertake to maintain such records and follow such procedure as may be prescribed by the Collector in relation to the exempted goods. I/We also undertake to intimate any change in the information furnished in the said Schedule. THE SCHEDULE 1. Name(s) and address(es) of the proprietors/all partners/ Directors of the company owning the factory. 2.....