TMI BlogSmall Scale Units - New Exemption Scheme from 1-4-1997 - Notification No. 7/97-C.E. (N.T.) supersededX X X X Extracts X X X X X X X X Extracts X X X X ..... entral Excise dated the 1st March, 1997, hereby exempts clearances, specified in column (2) of the Table below, for home consumption, of the excisable goods of the description specified in the Annexure appended to this notification (hereinafter referred to as "the specified goods"), from so much of the duty of excise leviable thereon which is specified in the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), as is in excess of the amount calculated at the rate specified in column (3) of the said Table against such clearances. TABLE S. No. Clearances Rate (1) (2) (3) 1. First clearances upto an aggregate value not exceeding rupees thirty lakhs made on or after 1st day of Apr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rst clearance happens to be a date beyond the 1st day of May, 1997, option shall be exercised on or before the date of first clearances and shall be effective from the date of first clearance; (iii) The manufacturer does not avail of the credit of duty under rule 57A of the Central Excise Rules, 1944, paid on inputs used in the manufacture of the specified goods cleared for home consumption, the aggregate value of first clearances of which does not exceed rupees one hundred lakhs in the relevant financial year. The manufacturer also does not utilise the credit of duty under rule 57Q of the said rules, paid on capital goods, for payment of duty, if any, on the aforesaid clearances, the aggregate value of first clearances of which does not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... further manufacture of any specified goods within the factory of production of the specified goods. Such clearances of specified goods used as inputs shall be deemed to be exempt from the whole of the duty of excise leviable thereon; (d) any clearances of strips of plastics used within the factory of production for weaving of fabrics or for manufacture of sacks or bags made of polymers of ethylene or propylene. 4. The exemption contained in this notification shall not apply to goods bearing a brand name or trade name, whether registered or not, of another person, except in the following cases :- (a) where the specified goods, being in the nature of components or parts of any machinery or equipment or appliances, are cleared for use a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... act, 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 Central Excise Act, 1944 (1 of 1944), or the tariff value fixed under section 3 of the said Act; (d) in the determination of the value of clearances of Chinaware or Porcelainware or both, where a manufacturer gets 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arations of low density polyethylene; powered cycles and powered cycle rickshaw (`powered cycle' or 'powered cycle-rickshaw' means a mechanically propelled cycle or, as the case may be, mechanically propelled cycle rickshaw, which may also be pedalled, if any necessity arises for so doing); side cars of motor cycles (including scooters); evaporative type of coolers and parts of such coolers. (4) Chewing tobacco and preparations containing chewing tobacco, other than those having a brand name falling under heading No. 24.04. (5) All other goods specified in the said Schedule other than the following, namely:- (i) all goods falling under Chapter 24, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61 or 62; (ii) all goods falling under heading ..... X X X X Extracts X X X X X X X X Extracts X X X X
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