Central Excise Exemption

[Asked by Guest]

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

AI Summary

Central Excise registration threshold: no registration or duty while turnover remains below the statutory exemption limit.
Registration with Central Excise is not required until turnover of taxable removals exceeds the exemption threshold of Rs. 1.50 crores; values of fully exempted or nil rated goods and exported goods are excluded when computing turnover. A declaration to the jurisdictional Range Officer becomes necessary upon reaching the intermediate notification threshold. Relevant notifications include Notification No.36/2001-CE(NT) as amended by Notification No.14/2005-CE(NT).