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Issue ID : 110305
- 0 -

Central Excise Exemption

Date 04 May 2016
Replies6 Answers
Views 869 Views
Asked By

Hi All,

I have a new Fabric export startup and my turnover will not cross 50 lakhs for current financial year.

-->Do I need to register in Central Excise?

-->Do I need to pay any excise duty for my goods during clearance, If not required to pay, Please suggest me how to get exempted from central excise duty, any forms or certificate do I need to submit with my other documents.

-->I hope in above scenario I do not need to submit ARE-1 form even if my goods are under excisable duty.

Thanks,

Kings

6 answers
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Old Query - New Comments are closed.

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- 0
Replied on May 4, 2016
1.

Excise duty is applicable only when the removal of excisable goods is 1.50 crores and more.

- 0
Replied on May 4, 2016
2.

Thanks for the information Ganeshan sir.

- 0
Replied on May 5, 2016
3.

You need not to get yourself registered with Central Excise till you cross exemption limit of ₹ 1.50 crores. For computing exemption limit of ₹ 1.50 crores, the value of fully exempted goods or nil rate of duty is not to be accounted for . Value of the goods exported is also not to be included while calculating turnover of ₹ 1.50 Crores. When you cross turnover of ₹ 90 lakhs you are required to file declaration with jurisdictional Range Officer of Central Excise. Notification No.36/2001-CE(NT) dated 26.6.2001 as amended vide Notification No. 14/2005-CE(NT) dated 1.3.2005. refers.

- 0
Replied on May 5, 2016
4.

Sh.M.Kings,

I have just elaborated the reply of Sh.Ganeshan Kalyani, Sir. I do agree with his reply.

- 0
Replied on May 5, 2016
5.

Yes the additional details given by Sri Kasturi Sir is of immense use then the turnover turnarounds. Thanks.

- 0
Replied on May 11, 2016
6.

Thanks to Kasturi Sir and Ganeshan Sir for a wonderful response.

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