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TMI BlogSSI Units - New Exemption SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... leviable thereon as is in excess of the amount calculated at the rate specified in the corresponding entry in column (3), of the said Table. TABLE S. No. Clearances Rate of duty (1) (2) (3) 1. First clearances up to an aggregate value not exceeding rupees fifty lakhs made on or after 1st day of April in a financial year Sixty per cent of normal duty 2. Clearances of an aggregate value not exceeding rupees fifty lakhs immediately following the clearances specified against serial number 1 above Eighty per cent of normal duty 2. The exemption contained in this notification shall apply only subject to the following conditions, namely :- (i) A manufacturer intending to avail the exemption under this notification in a financial yea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... actory, the exemption shall apply for the total value of clearances mentioned against each of the serial numbers in the said Table and not separately for each manufacturer; (vi) The aggregate value of clearances of all excisable goods for home consumption (including clearances for export to Bhutan or Nepal) by a manufacturer from one or more factories, or from a factory by one or more manufacturers, has not exceeded rupees three hundred lakhs in the preceding financial year. 3. For the purpose of determining the aggregate value of clearances, the following clearances shall not be taken into account, namely :- (a) any clearances, which are exempt from the whole of the excise duty leviable thereon (other than an exemption based on quantity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of following the procedure laid down in Chapter X of the said rules; (b) where the goods bear a brand name or trade name of - (i) the Khadi and Village Industries Commission; or (ii) a State Khadi and Village Industry Board; or (iii) the National Small Industries Corporation; or (iv) a State Small Industries Development Corporation; or (v) a State Small Industries Corporation; Explanation. - For the purposes of this notification, - (A) "brand name" or "trade name" shall mean a brand name or trade name, whether registered or not, that is to say a name or a mark, such as symbol, monogram, label, signature or invented word or writing which is used in relation to such specified goods for the purpose of indicating, or so as to indicate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e manufactured in a factory belonging to or maintained by the Central Government or by a State Government or by a State Industries Corporation, or by a State Small Industries Corporation or by the Khadi and Village Industries Commission, then the value of excisable goods cleared from such factory alone shall be taken into account; (F) "normal duty" means the duty of excise which is specified in the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) read with any relevant notification (other than this notification or a notification in which exemption is based on the value or quantity of clearances) issued under sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944). ANNEXURE (1) All goods falling under heading ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 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 of the said Schedule. (5) All other goods specified in the said Schedule other than the following, namely :- (i) all goods falling under Chapters 24, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61 or 62 of the said Schedule; (ii) all goods falling under heading Nos. 21.06, 25.04, 33.04, 33.05, 36.05, 37.01, 37.02, 40.05, 72.06, 72.07, 72.18, 72.24, 84.71, 85.21, 85.28, 87 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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