BASIC EXEMPTION LIMIT FOR REGISTRATION IN EXCISE

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....ASIC EXEMPTION LIMIT FOR REGISTRATION IN EXCISE<br> Query (Issue) Started By: - BAL KRISHAN GARG Dated:- 26-12-2012 Last Reply Date:- 29-12-2012 Central Excise<br>Got 2 Replies<br>Central Excise<br>De....

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....ar 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 Re....

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....gistration ? 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 .....

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.... Thanks BKGARG Reply By Pradeep Khatri: The Reply: 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 l....

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....imit you would have to pay the excise duty on full rate. Reply By CA Seetharaman K C: The Reply: Exemption under notification, no. 8/2003 CE is applicable to SSI units, the main criterial which is t....

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....aken 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 uni....

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....t 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.<br> Discussion Forum - Knowledge Sharing ....