limit of excemption

[savita ahuja]

hii

please share the rules of excise registration & limit of exemption.

I have SIS unit cross the sale amount 1 Cr. today....please give us suggestion of excise registration, exemption & rules of excise for new registration.

[Arun Kumar Singh]

The SSI exemption available to all units upto 1.5cr turnover vide notification no. 8/2003-CE. No need to take registration and duty payment.

[KASTURI SETHI]

U r to apply for registration when your turnover crosses ₹ 1.40 Crore.

AI Summary

Understanding Excise Registration: SSI Units Exempt Up to 1.5 Crore; Register After 1.40 Crore Turnover Per Notification 8/2003-CE. A user inquired about the rules for excise registration and exemption after their SSI unit's sales exceeded 1 crore. One respondent clarified that SSI units are exempt from registration and duty payment up to a turnover of 1.5 crore, as per notification no. 8/2003-CE. Another response advised applying for registration once the turnover surpasses 1.40 crore.