https://www.taxtmi.com/forum/issue?id=109893 Small manufacturing units may claim a turnover-based excise exemption; sales of non-manufacturing items and job-work receipts do not count towards the exempt turnover. If aggregate home clearances remain below the ceiling registration is not required, but filing a declaration is required on crossing the lower trigger. Once the exemption ceiling is exceeded the unit must register, discharge duty and is eligible to set off CENVAT Credit on inputs, work-in-process and finished goods in stock by preparing an inventory, submitting it with online registration and recording and using the credit in returns. en-us Wed, 17 Feb 2016 22:51:11 +0530 Thu, 23 Jan 2025 15:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109893 Small manufacturing units may claim a turnover-based excise exemption; sales of non-manufacturing items and job-work receipts do not count towards the exempt turnover. If aggregate home clearances remain below the ceiling registration is not required, but filing a declaration is required on crossing the lower trigger. Once the exemption ceiling is exceeded the unit must register, discharge duty and is eligible to set off CENVAT Credit on inputs, work-in-process and finished goods in stock by preparing an inventory, submitting it with online registration and recording and using the credit in returns. Discussion-Forum Central Excise Wed, 17 Feb 2016 22:51:11 +0530 https://www.taxtmi.com/forum/issue?id=109893