EXCISE RETURN FOR JEWELLERS

[manoj lalwani]

Sir

My Client is jewelers and his annual turnover for year ending on 31.3.2016 is below 12cr. Since his turnover for year ending on 31.3.2016 is above 6 cr he has obtained registration. I wish to know :

1. Form No in which he should file Excise Return for 2016-17

2. Since his turnover has not exceeded 6 Cr in 1st Quarter of 2016-17, how the return should be filed since he is exempted from payment of excise duty up to 6 Cr

AI Summary

Excise return filing: registered jewellers must use ER 3 quarterly and submit a nil duty return when covered by small scale exemption.
Registered jewellers file quarterly excise returns in ER 3; for quarters where clearances fall within the small scale exemption, ER 3 must show value of goods cleared and be filed as a nil duty return with the applicable SSI exemption notification cited. ER 8 applies instead to manufacturers who opt into the separate composition arrangement and forgo Cenvat credit, not to exempted nil duty filers.