Value of clearances to be excluded for the calculation of limit of ` 150 lakh:

For the purposes of determining the first clearances upto an aggregate value not exceeding ` 150 lakh made on or after the 1st day of April in any financial year, the following clearances shall not be taken into account:

(a) Clearances exempt from the excise duty: Clearances, which are exempt from the whole of the excise duty leviable thereon (other than an exemption based on quantity or value of clearances) under any other notification or on which no excise duty is payable for any other reason.

(b) Clearances bearing the brand name or trade name of another person: Clearances bearing the brand name or trade name of another person, which are ineligible for the grant of this exemption.

(c) Clearances of intermediate goods/goods captively consumed in case the final product is eligible for SSI exemption: Clearances of the specified goods which are used as inputs for further manufacture of any specified goods within the factory of production of the specified goods. Here, specified goods are those goods, which are eligible for SSI concession.

(d) Export clearances: Clearances meant for exports.