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Exemption of excise duty to SME upto 1.5cr

Central Excise - Started By: - Vivek Agrawal - Dated:- 17-2-2016 Last Replied Date:- 18-2-2016 - HelloThis is regarding exemption of excise duty to small manufacturing unit till 1.5cr. I am small manufacturer. I am exempted of excise duty till 1.5cr. My question is 1. if I sale some machine or other non manufacturing item, will that count in my turnover of 1.5cr. 2. If apart from manufacturing, I am also doing the job work in the same premises. Basically I manufactured the same item and sale it. .....

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. lets when i cross 1.5cr I have stock of material of approx value 20 lacs. which includes excise duty of 2.25 lac excise duty (input). so at this time will i get this 2.25cr as input excise duty and what will be the procedure for the same. - Reply By Mahir S - The Reply = The point wise reply to your query in simple words is as under :-(i) YES , immediately.(ii) YES. - Reply By Vivek Agrawal - The Reply = what will be procedure to get the input of once we cross the 1.5cr. - Reply By Mahir S - T .....

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m all factories of the manufacturer and from any factory by one or more manufacturers must be taken into account.However, once the turnover crosses the specified limit , i.e. ₹ 90 Lakhs, such units have to file the declaration to the Assistant Commissioner/Deputy Commissioner. CBEC Manual provides that genuine delays in filing the declaration should not be viewed seriously and the assessee shall still be allowed to enjoy the benefit of not requiring registration upto the turnover of ₹ .....

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