GARMENTS EXCISE UNDER 1.5 CRORE

[MUKESH KOTHARI]

 WILL MANUFACTURERS WITH BRAND LABEL HAVING SALE BELOW 1.5 CRORE HAS TO CUMPOLSARY REGISTER WITH EXCISE IF YES THEN WHY IF NO THEN HOW TO PREPARE THE BILL AND DELIVERY CHALLAANS.

[Surender Gupta]

If the sale if below Rs. 1.5 crores, the manufacture may submit a declaration in terms of notification no. 8/2003 - CE dated 1-3-2003.

For registration requirements, also see, notification no. 36/2001 CE(NT)

 

AI Summary

Excise registration threshold: small garment manufacturers may use statutory declaration to avoid mandatory excise registration obligations.
Manufacturers with turnover below the excise threshold may submit a statutory declaration under Notification No. 8/2003 CE (dated 1 3 2003) to operate as the compliance mechanism; registration formalities are governed by the registration notification (Notification No. 36/2001 CE(NT)).