TMI BlogExcise duty applicablilityX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Learned Members, This is with respect to the captioned subject. In this regard, please note we have recently incorporated an LLP which is in the business of manufacturing control panel which is used in various machinery and we are yet to start to any business/manufacturing. Hence, I want to know when should I need to get register for excise duty. Are there any threshold limit for it. Furt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... her my vendor is asking for excise duty registration no or exemption certificate from excise duty payable. Hence, I request you all to please kindly help to solve my problem. - Reply By Mahir S - The Reply = Sir, The point wise reply to your query are as under :- You are not required to get excise registration for first clearances up to an aggregate value not exceeding one hundred and fifty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lacs rupees made on or after the 1st day of April in any financial year. However, simultaneously, you have an option not to avail the above referred exemption and instead pay the normal rate of duty on the goods cleared by you. Such option may be utilized if you want to get registered and to provide your excise registration number to you vendor. Herein, you shall be eligible to avail cenvat cre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dit on input, input services and capital goods and such credit can be utilized for payment of excise duty. Further, if you opt for point (i) above, then you can request the Jurisdictional Range Superintendent who can issue a certificate stating that you are not registered with excise and hence exempted from payment of excise duty. You can thereafter forward the said certificate to your Vendor. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Hope all your points are cleared through above clarifications. - Reply By KASTURI SETHI - The Reply = SH.SHINIL NAMBRATH JI, I fully endorse the views of Sh.Mahir S. Sir. I would like to add as under:- 1. If you intend to avail SSI exemption limit of ₹ 1.50 crores, you are required to apply for CE Registration Certificate immediately on crossing specified limit of ₹ 90 lakhs ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... increased from ₹ 40 lakhs consequent upon enhancement of threshold exemption limit to ₹ 1.50 Crore w.e.f. 1.4.2007) .This is as per Chapter-2 Point No.4 of CBEC's Excise Manual of Supplementary Instructions, 2005 as amended. Prior to reaching the clearance of value of ₹ 90 lakhs, you are required to file Declaration Form in ANNEXURE-4 with the A.C./D.C. of Division as per ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Notification No.36/2001-CE(NT) dated 26.6.2001 as amended vide Notification No.14/2005-CE(NT) dated 1.3.2005 40/2008-CE(NT) dated 29.9.2008 . - Reply By YAGAY AND SUN - The Reply = Dear Shinil For availing SSI unit, one should be registered as SSI unit. There is specific investment limit in case of SSI Unit. Large scale Units cannot claim SSI exemption in guise of SSI Units.Further, i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f SSI Unit exemption is availed then No CENVAT credit would be available on inputs, input services and Capital goods. Regards YAGAY and SUN Management, Business and Indirect Tax Consultants - Reply By Ganeshan Kalyani - The Reply = Yes the benefit of threshold limit should be taken into consideration rather than applying for excise registration at the very beginning. Thanks - Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By Mahir S - The Reply = Thanks Kasturi ji for endorsement of my views. - Reply By KASTURI SETHI - The Reply = I agree with the views of M/s.YAGAY AND SUN, Sirs, in their reply dated 16.2.2016. - Reply By SHINIL NAMBRATH - The Reply = Dear learned members, I'm extremely thankful to each one of you for your replies. My query has been solved. Tons of thanks. - Reply By Mahir S - The Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly = - Excise duty applicablility - Query Started By: - SHINIL NAMBRATH Dated:- 16-2-2016 Central Excise - Got 8 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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