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Home Forum Central Excise Month 12 2012 2012 (12) This
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BASIC EXEMPTION LIMIT FOR REGISTRATION IN EXCISE - Central Excise

 
Issue Id: - 5104
Dated: -26-12-2012
By:- BAL KRISHAN GARG
BASIC EXEMPTION LIMIT FOR REGISTRATION IN EXCISE

Dear 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 Registration ?

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 .

Thanks

BKGARG

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Dated: - 27-12-2012
By: - Pradeep Khatri

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 limit you would have to pay the excise duty on full rate.




Dated: - 29-12-2012
By: - CA Seetharaman K C

Exemption under notification, no. 8/2003 CE is applicable to SSI units, the main criterial which is taken 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 unit 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.


 
 
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