9911796707
TMI BlogExemption to small scale unitsX X X X Extracts X X X X X X X X Extracts X X X X ..... and cleared for home consumption on or after the 1st day of April in any financial year, by a manufacturer from one or more factories,— (a) in the case of the first clearances of the specified goods up to an aggregate value not exceeding rupees seven and a half lakhs,— (i) in a case where a manufacturer avails of the credit of duty paid on inputs used in the manufacture of the specified goods under rule 57A of the said Rules, from so much of the duty of excise leviable thereon which is specified in the said Schedule [read with any relevant notification issued under sub-rule (1) of rule 8 of the said Rules and in force for the time being] as is equivalent to an amount calculated at the rate of 75% of such duty, or an amount calculated a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e on the specified goods in terms of this clause, shall not be less than an amount calculated at the rate of 5% ad valorem. 2. The aggregate value of clearances of the specified goods from any factory by one or more manufacturers in any financial year under clauses (a), (b) and (c) of paragraph 1, shall not exceed rupees seven and a half lakhs, seven and a half lakhs and sixty lakhs respectively. 3. Nothing contained in this notification shall apply if the aggregate value of clearances of all excisable goods for home consumption,— (a) by a manufacturer, from one or more factories, or (b) from any factory, by one or more manufacturers, had exceeded rupees one hundred and fifty lakhs in the preceding financial year. 4. The exempt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... withstanding the exemption granted by this notification, in respect of the specified goods which are subjected to concessional rate of duty (other than those specified goods which are wholly exempted from the duty of excise leviable thereon), under this notification, and used as inputs in the manufacture of final products in terms of the provisions of SECTION AA of Chapter V of the said Rules, the credit in respect of such inputs shall be allowed under rule 57B of the said Rules, at the rate of duty otherwise applicable, but for this notification. Explanation I. - For the purposes of this notification, the expression 'value' means either the value as determined in accordance with the provisions of section 4 of the Central Excises and Sa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the Central Government or by a State Government, or by the Khadi and Village Industries Commission, then the value of excisable goods cleared from such factory alone shall be taken into account. Explanation VI. - For the purposes of determining the value of clearances under this notification, in respect of Chinaware or Porcelainware or both, where a manufacturer gets such Chinaware or Porcelainware or both fired in a kiln belonging to or maintained by a Pottery Development Centre run by the Central Government or a State Government or by the Khadi and Village Industries Commission, the value of the Chinaware or Porcelainware or both, belonging to the said manufacturer and fired in such a kiln, shall be taken into account. Explanatio ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
