https://www.taxtmi.com/forum/issue?id=108843 A manufacturer exceeding the SSI turnover threshold may either use the exemption until crossing and then pay duty and avail cenvat credit, or elect to forgo the exemption and pay duty with cenvat credit from the earlier date; credit is claimable on import duties and on inputs in unsold stock or work in progress where documentary evidence proves the duty paid nature. The election to opt out is exercisable during the year but, once made, is irrevocable for that financial year. en-us Fri, 03 Jul 2015 20:06:48 +0530 Thu, 23 Jan 2025 15:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108843 A manufacturer exceeding the SSI turnover threshold may either use the exemption until crossing and then pay duty and avail cenvat credit, or elect to forgo the exemption and pay duty with cenvat credit from the earlier date; credit is claimable on import duties and on inputs in unsold stock or work in progress where documentary evidence proves the duty paid nature. The election to opt out is exercisable during the year but, once made, is irrevocable for that financial year. Discussion-Forum Central Excise Fri, 03 Jul 2015 20:06:48 +0530 https://www.taxtmi.com/forum/issue?id=108843