9911796707
TMI BlogExempts first clearances for home consumption, falling under Chapter 51, 52, 54, 55, 58 or 60 of the First Schedule to the Central Excise Tariff Act, 1985X X X X Extracts X X X X X X X X Extracts X X X X ..... Central Excise Tariff Act, 1985 (This Notification has been superseded vide Notification No. 06/2004-CE, Dt. 19/01/2004 ) NOTIFICATION NO. 35/2003-CE DATED 30/04/2003 G.S.R. (E).- In exercise of the powers conferred by sub-section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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4, the exemption contained in this notification shall apply to the first clearances for home consumption of the specified goods, upto an aggregate value not exceeding 1 [ twenty five lakh rupees] made on or after the 30th day of April 2003. 2. The exemption contained in this notification shall apply subject to the following conditions, namely,- (i) where a manufacturer clears the specified ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from one or more factories, or from a factory by one or more manufacturers, does not exceed 1 [ thirty five lakh rupees] during the period beginning from the 30th day of April, 2003: Provided further that in any financial year, if the aggregate value of clearances for home consumption of specified goods exceeds 1 [ thirty five lakh rupees] , or as the case may be, in the financial year 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e said manufacturer shall not be allowed to avail the exemption during the remaining part of that financial year. Explanation.- For the purposes of this notification,- (A) "value" means the value as determined in accordance with the provisions of section 4 of the said Central Excise Act; (B) "normal rate of duty" means the duty of excise specified in the First Schedule to the said Central Ex ..... X X X X Extracts X X X X X X X X Extracts X X X X
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