eexemption

[DEEPAK SHARMA]

One of the shop, doing business of ₹ 10 crore in a financial year of sweet. Simultaneously, they manufactured pastry and cake of ₹ 50 lakhs. Is they require to pay duty on pastry and cakes? Even the Sale of pastry and cakes is below 1.5 Crore. Please guide us with the parameters of 1.5 crore and also 4 crore

AI Summary

Firm Seeks Clarification on Excise Duty Exemption for Pastries; Turnover Calculation Under Scrutiny. A business with a turnover of 10 crore from sweets and 50 lakh from pastries and cakes seeks clarification on excise duty obligations. The query concerns whether the firm can avail a 1.5 crore exemption for pastries and cakes, given the previous year's turnover exceeded the 4 crore SSI limit. The excise department claims the firm is ineligible for the exemption due to exceeding the SSI limit, suggesting clandestine removal of goods. The response clarifies that non-excisable goods turnover should not be included in the exemption limit calculation, and SSI registration is necessary for exemption eligibility.