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

SSI exemption threshold: units below the notified turnover need not register or pay excise; registration required when exceeded.
Excise registration and duty obligations hinge on the SSI exemption threshold: units below the notified turnover threshold are not required to register for central excise or pay duty; once turnover exceeds the exemption threshold the unit must apply for excise registration and comply with duty obligations.