NO EXCISE DUTY FOR SSIs MAKING BIG BRANDS

The finance ministry exempted from excise duty small-scale industries (SSI) that manufacture branded goods for large companies. The exemption shall be available for a turnover of goods not exceeding Rs. 90 lakh in the remaining part of the financial year. SSI units with clearances not exceeding Rs. 4 crore in 2007-08 would be eligible for the exemption.