BASIC EXEMPTION LIMIT FOR REGISTRATION IN EXCISE

26 Dec 2012

2 Replies

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BAL KRISHAN GARG

SSI exemption: registration not required below prescribed turnover; concessional duty option available until a higher turnover threshold.
Eligibility for excise exemption under the SSI framework depends on the preceding financial year turnover: if a manufacturing unit's prior-year turnover does not exceed the higher eligibility threshold, the unit may claim SSI exemption in the current year up to the lower turnover ceiling; turnover between the lower and higher ceilings may be subject to a concessional duty option, while crossing the higher ceiling removes entitlement to the SSI concession and attracts full excise liability. (AI Summary)

Dear All Members ,

One of my client in engage in manufacturing in ceiling fan blades , exhaust fan blades and during the current year he had sales nearly Rs.1 Crore . Whether he is liable for Excise Registration ?

What is the basis exemption limit for Excise Registration in terms of turnover ?

I will be highly oblidged please clarify the limit of non required Excise Registration comes under SSI .

Thanks

BKGARG

2 answers

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Old Query - New Comments are closed.

YAGAY and SUN

Replied on Dec 27, 2012

Under SSI regulations this limit is up-to 1.50 crore and up-to 4.00 crore paying the duty on concessional rate is optional. After crossing this limit you would have to pay the excise duty on full rate.

CASeetharaman KC

Replied on Dec 29, 2012

Exemption under notification, no. 8/2003 CE is applicable to SSI units, the main criterial which is taken into account for deciding the eligibility for exemption is that the turnover of Rs. 4 crores in the preceding financial year.

According to the conditions of the notification, a manufacturing unit can avail the SSI exemption upto Rs. 1.5 crore in the current financial year, if the turnover of the previous year is not exceeding Rs. 4 crores.

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