Calculation of turnover

[Guest]

Our sales comprises of direct exports+domestic sales under exemption certificate under 10/97+other domestic sales I would like to know for calculating excisable turnover Wheter I can reduce direct export + sales under 10/97 exemption certificate and then if balance is 1,5 crore then I am expected to pay excise duty is it correct?

AI Summary

Excisable Turnover Calculation: Direct Exports and Sales under Notification 10/97 Deductible for 1.5 Crore Exemption. A query was raised regarding the calculation of excisable turnover, specifically whether direct exports and domestic sales under exemption certificate 10/97 can be deducted to determine if the remaining turnover exceeds 1.5 crore, necessitating excise duty payment. The response clarified that for claiming exemption up to 1.5 crore, direct exports and sales under notification 10/97 can indeed be deducted. However, when calculating the turnover of the previous year, sales cleared under notification 10/97 must be included.