Exemption of excise duty to SME upto 1.5cr

[Vivek Agrawal]

Hello

This is regarding exemption of excise duty to small manufacturing unit till 1.5cr. I am small manufacturer. I am exempted of excise duty till 1.5cr. My question is

1. if I sale some machine or other non manufacturing item, will that count in my turnover of 1.5cr.

2. If apart from manufacturing, I am also doing the job work in the same premises. Basically I manufactured the same item and sale it. And I also do the job work of same item for other big companies. So question here is is this job work income will get count in turnover limit of 1.5cr.

AI Summary

Excise Duty Exemption Limit: Non-Manufacturing Sales and Job Work Income Excluded, CENVAT Credit Available for Stock Inputs A small manufacturer inquired about the excise duty exemption limit of 1.5 crore, asking if sales of non-manufacturing items or job work income are included in the turnover. The response clarified that neither is included. The manufacturer further asked about procedures upon nearing the 1.5 crore limit and the handling of input excise duty. It was advised to notify the excise office immediately when nearing the limit and that CENVAT Credit can be claimed for raw materials in stock. The procedure involves listing stock inputs and submitting a detailed letter to the excise department.