Dear Sir / Madam,
Please clarify, if I am a manufactured of Plastic footwear having MRP less than Rs.500 per pair and having turnover more than 1.5 crore. Should I required to register in excise. ( Plastic footwear MRP less than RS. 500 not excise able).
thanks in advance.
Plastic Footwear Maker Exempt from Excise Registration Due to Duty-Free Status and Turnover Rule Interpretation A manufacturer of plastic footwear with an MRP below Rs. 500 per pair and a turnover exceeding 1.5 crore inquired about the necessity of excise registration, given that such footwear is not subject to excise duty. A respondent clarified that the turnover limit of 1.5 crore does not include the value of exempted goods. Since the footwear is fully exempt from excise duty, registration is not required. (AI Summary)