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but inclusive of articles of silver jewellery studded with diamond, ruby, emerald or sapphire, falling under chapter heading of the first schedule of the tariff act shall be eligible, if his aggregate value of clearances of all excisable goods for home consumption in the preceding financial year, computed
in the manner specified in the said notification, did not exceed rupees twelve crore; (b) an assessee, other than (a) above, shall be eligible, if his aggregate value of clearances of all excisable goods for home consumption in the preceding financial year, computed in the manner specified in the said...
https://www.seair.co.in/dData/bedget/187366.pdf