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excise on garments

Central Excise - Started By: - satbir singh wahi - Dated:- 5-3-2016 Last Replied Date:- 8-3-2016 - SirExcise on garment unitFinancial Year 2014-15 Domestic sale Rs. 190 Lacs other than export of 1600 Lacs- Total ₹ 1790 LacsFinancial Year 2015-16 Domestic sale Rs. 280 Lacs other than export of 1200 Lacs- Total Rs. 1480 Lacs upto 29.02.16Whether covered by excise ? - Reply By Rajagopalan Ranganathan - The Reply = Sir, Only the following items falling under Chapter 57, 61, 62 and 63 are cover .....

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ir singh wahi - The Reply = Sir Covered by Chapter 61 and 62 - Reply By Rajagopalan Ranganathan - The Reply = Sir, Under SSI Notification No. 08/2003-CE dated 01.03.2003 excisable goods cleared for home consumption up to the value of ₹ 150 lakhs is chargeable to 'Nil' rate of duty. Beyond ₹ 150 lakhs and up to ₹ 400 lakhs duty at normal rate is chargeable. If total clearance for home consumption exceed Ra. 400 lakhs in the previous financial year, the normal duty is pay .....

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