TaxTMI 
TaxTMI 
Calculation of turnover
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....alculation of turnover<br> Query (Issue) Started By: - Satish sohoni Dated:- 21-4-2008 Last Reply Date:- 1-5-2008 Central Excise<br>Got 1 Reply<br>Central Excise<br>Our sales comprises of direct expor....
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....ts+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 c....
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....ertificate and then if balance is 1,5 crore then I am expected to pay excise duty is it correct? Reply By Surender Gupta: The Reply: Yes, for claiming exemption upto 1.5 crore, you can deduct the cla....
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....race of direct export + sales under notificatio no. 10/97. However for calculating turnover of the previous year, clearing under notification no. 10/97 shall be taken into account.<br> Discussion Foru....
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....m - Knowledge Sharing ....