excise on garments

[satbir singhwahi]

Sir

Excise on garment unit

Financial Year 2014-15 Domestic sale Rs. 190 Lacs other than export of 1600 Lacs- Total ₹ 1790 Lacs

Financial Year 2015-16 Domestic sale Rs. 280 Lacsother than export of 1200 Lacs- Total Rs. 1480 Lacs upto 29.02.16

Whether covered by excise ?

AI Summary

Excise Duty on Garment Sales: Clarifying Obligations for 2014-15 and 2015-16, Excluding Exports, with Thresholds A discussion on the applicability of central excise on garment sales for the financial years 2014-15 and 2015-16. The initial query seeks clarification on whether domestic sales, excluding exports, fall under excise obligations. It is clarified that goods under Chapters 61 and 62 are applicable, with specific exemptions for sales below certain thresholds. For 2014-15, duty is payable on sales exceeding 150 lakhs, and for 2015-16, registration and duty payment are required from March 2016 due to exceeding 150 lakhs in domestic sales. Export turnover is excluded from these calculations, except for exports to Bhutan.