Excisable goods (other than sandal wood oil) which were falling under erstwhile Tariff Item 68

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....the Central Excises and Salt Act, 1944 (1 of 1944) (hereinafter referred to as the Central Excises Act) as it existed immediately before the commencement of the Central Excise Tariff Act (hereinafter referred to as the "said goods"), and cleared for home consumption on or after the 1st day of April, 1985 and upto and inclusive of 31st day of March, 1986, by or on behalf of a manufacturer from one or more factories,— (a) in the case of the first clearances of the said goods upto an aggregate value not exceeding rupees twenty lakhs, from the whole of the duty of excise leviable thereon under section 3 of the Central Excises Act; (b) in the case of clearances (being clearances of the said goods of an aggregate value not exceeding rupee....

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.... (c) of this paragraph. 2. Nothing contained in this notification shall apply if the aggregate value of clearances of all excisable goods from any factory by or on behalf of one or more manufacturers, for home consumption, during the preceding financial year had exceeded rupees seventy-five lakhs. 3. Nothing contained in this notification shall apply to a manufacturer if the aggregate value of clearances of all excisable goods by him or on his behalf, for home consumption, from one or more factories during the preceding financial year, has exceeded rupees seventy-five lakhs. 4. Notwithstanding anything contained in paragraphs 2 and 3, the exemption contained in this notification shall apply for the year 1985-86 to a manufacturer wh....