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SSI CENTRAL EXCISE EXEMPTION - REG

SSI CENTRAL EXCISE EXEMPTION - REG - Central Excise - Started By: - venkat eswaran - Dated:- 16-10-2015 Last Replied Date:- 27-10-2015 - Dear all,we are manfacturer of paints and supply 100% to one of the major company. Some times we bought RM from that major company on payment of excise duty for production. Most of the matl we bought outside and produce. our annul turnover is less than 1.5 cr. Whether we can avail SSI Exemption from Central Excise?Whether we have to register with central excise .....

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when your turnover exceeds the limit of ₹ 1.35 crores, that is, 90 % of 1.5 Crores. You can raise an invoice charging only VAT and not Excise duty. If you are a new manufacturer then you have to file a declaration stating that your turnover is not likely to exceed the limit of 1.5. Crores during current financial year. - Reply By Mahir S - The Reply = Sir,You can avail SSI exemption from Central Excise. However, you have also mentioned that you are raising invoices by charging BED 14 %.In .....

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