Dear Experts,
After taking registration under Central Excise Assessee needs to intimate Juridictional Range online with estimated quantity and estimated value for availing exemption 08/2003 i.e. value based exemption
But If assessee wants to take benefit of 1.5 cr(SSI) again in next year then in this case whether assesse needs to intimate in next financial year online or we can say in each financial year.
Thanks in advance.
Small-scale industries must notify Jurisdictional Range annually for Central Excise exemption under Notification 08/2003; registration impacts capital goods credit. An individual inquired about the requirement for small-scale industries (SSI) to intimate the Jurisdictional Range annually to avail of the Central Excise exemption under notification 08/2003. The first response clarified that such intimation is necessary each financial year, considering the previous year's turnover to determine eligibility. Another response mentioned that if the turnover is below the threshold, registration might not be required, and no separate intimation is needed. A third response highlighted the importance of maintaining registration to retain capital goods credit, which could be lost if the registration is surrendered. (AI Summary)