Central Excise Exemption

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....entral Excise Exemption<br> Query (Issue) Started By: - M Kings Dated:- 4-5-2016 Last Reply Date:- 11-5-2016 Central Excise<br>Got 6 Replies<br>Central Excise<br>Hi All, I have a new Fabric export startup and my turnover will not cross 50 lakhs for current financial year. -->Do I need to register in Central Excise? -->Do I need to pay any excise duty for my goods during clearance, If not requir....

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....ed to pay, Please suggest me how to get exempted from central excise duty, any forms or certificate do I need to submit with my other documents. -->I hope in above scenario I do not need to submit ARE-1 form even if my goods are under excisable duty. Thanks, Kings Reply By Ganeshan Kalyani: The Reply: Excise duty is applicable only when the removal of excisable goods is 1.50 crores and more. ....

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.... Reply By M Kings: The Reply: Thanks for the information Ganeshan sir. Reply By KASTURI SETHI: The Reply: You need not to get yourself registered with Central Excise till you cross exemption limit of &#8377; 1.50 crores. For computing exemption limit of &#8377; 1.50 crores, the value of fully exempted goods or nil rate of duty is not to be accounted for . Value of the goods exported is also not....

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.... to be included while calculating turnover of &#8377; 1.50 Crores. When you cross turnover of &#8377; 90 lakhs you are required to file declaration with jurisdictional Range Officer of Central Excise. Notification No.36/2001-CE(NT) dated 26.6.2001 as amended vide Notification No. 14/2005-CE(NT) dated 1.3.2005. refers. Reply By KASTURI SETHI: The Reply: Sh.M.Kings, I have just elaborated the re....

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....ply of Sh.Ganeshan Kalyani, Sir. I do agree with his reply. Reply By Ganeshan Kalyani: The Reply: Yes the additional details given by Sri Kasturi Sir is of immense use then the turnover turnarounds. Thanks. Reply By M Kings: The Reply: Thanks to Kasturi Sir and Ganeshan Sir for a wonderful response.<br> Discussion Forum - Knowledge Sharing ....