CE Duty Exemption - Ball Bearings Clearance upto Rs. 25 lakhs Exempt from Duty - Specified Goods Used as Inputs within the Factory Exempt from Duty

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..... necessary in the public interest so to do, hereby exempts clearances, specified in column (2) of the Table below (hereinafter referred to as the said Table) for home consumption, of ball or roller bearings falling under Chapter 84 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as the specified goods), from so much of the duty of excise specified thereon in the First Schedule to the said Central Excise Tariff Act, as is in excess of the amount calculated at the rate specified in the corresponding entry in column (3) of the said Table:- 1 [Provided that nothing contained in this notification shall apply to a manufacturer who has availed the exemption under Notification No. 39/2001-CE, .....

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..... where there are no clearances for home consumption of the specified goods in the preceding financial year , the exemption shall apply only if the manufacturer - i. submits a declaration in writing to the jurisdictional Deputy Commissioner or Assistant Commissioner of Central Excise, with a copy to the Superintendent of Central Excise, before effecting his first clearance, that the aggregate value of clearances for home consumption of the specified goods in the financial year shall not exceed twenty five lakh rupees, ii. gives an undertaking in writing that if the aggregate value of clearances for home consumption of the specified goods in the financial year exceeds twenty five lakh rupees, he shall pay the normal rate of duty on the cl .....

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..... ng such name or mark with or without any indication of the identity of that person; B. where the specified goods manufactured by a manufacturer bear a brand name or trade name, whether registered or not, of another manufacturer or trader, such specified goods shall not, merely by reason of that fact, be deemed to have been manufactured by such other manufacturer or trader; C. "value" means the value as determined in accordance with the provisions of section 4 of the said Central Excise Act or the tariff value fixed under section 3 of that Act; D. "normal rate of duty" means the duty of excise specified in the First Schedule to the said Central Excise Tariff Act read with any relevant notification (other than this notification or a not .....

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