9911796707
TMI Blogabout the exemption of 1.5 crore 4 ssi unitsX X X X Extracts X X X X X X X X Extracts X X X X ..... about the exemption of 1.5 crore 4 ssi units X X X X Extracts X X X X X X X X Extracts X X X X ..... ly: No change in budget limit remain same.. Reply By Mahir S: The Reply: Yes, the exemption limit of 1.5 crore is the same and there is no any change in the budget. Reply By Naman Munjal: The Reply: Dear Sir, My question is regarding the excise excemption to SSI units. Suppose if a company has a turn over less than 30 lacs in the previous financial year, then how it can avail the benefit of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cenvat exemption Does it requires any registraions for claiming the excise paid on input goods purchased for manufacturing products. For example, A is the manufacturer of the raw material and charges excise duty to B. B is the manufacturer of the product and its turn over is less than 30 lacs previous year, C is the purchaser of the goods manufactured by B. SO, how B will settoff the excise ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... paid on the raw material purchased from A, so that the excise paid by B does not encounters its cost price. If SSI units are excepted from central excise duty upto 1.5 crores, then how to avail this exemptions and buy the raw material Thank You Reply By MEHUL ASHAR: The Reply: THANK U SIR U GUIDED ME WELL. Reply By LALIT MUNOYAT: The Reply: If B want to avail cenvat of duty paid to A, then ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... B has to opt out of SSI exemption notification. Reply By Naman Munjal: The Reply: ?Thank you Mr Lalit. Does this means that B has to take Excise Registration Reply By Mahir S: The Reply: Sir, B has to take central excise registration and then can avail cenvat credit and pay duty from the first clearance. Provisions is provided under the excise law to take excise registration even if the 1.5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lacs exemption limit is not crossed.
You may refer and study following Notification no. for all your queries :-
SSI exemption, with effect from 1/4/2003 for units not availing CENVAT credit Notification no - 008/2003 - Dated 1-3-2003 - Central Excise - Tariff, X X X X Extracts X X X X X X X X Extracts X X X X
|
