about gaining exemption of 08/2003 in between of year

[MEHUL ASHAR]

Respected Sir,

As regarding above subject one of my clients wants to take new registration & wants to take the benefit of 1.5 crore exemption can he get in between of the year as he wants to apply for registration in october & units turnover till sep-2013 is Rs.70 lakhs.Can he get the benefit or not.

THANKING U

FROM:

MEHUL M ASHAR

 

 

AI Summary

Client Can Register for Central Excise, Continue Exemption Benefits Until Rs. 1.5 Crore Turnover Under Notification No. 8/2003 A client seeks to register for Central Excise and benefit from a 1.5 crore exemption under Notification No. 8/2003, despite applying mid-year in October, with a turnover of Rs. 70 lakhs by September 2013. The respondent clarifies that if the client has been operating under the exemption, they can continue to benefit from it even after registration until the turnover reaches Rs. 1.5 crores, provided the goods are eligible under the specified notification.