TMI BlogCentral Excise ExemptionX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi All, I have a new Fabric export startup and my turnover will not cross 50 lakhs for current financial year. -- Do I need to register in Central Excise? -- Do I need to pay any excise duty for my goods during clearance, If not required to pay, Please suggest me how to get exempted from central excise duty, any forms or certificate do I need to submit with my other documents. -- I hop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e in above scenario I do not need to submit ARE-1 form even if my goods are under excisable duty. Thanks, Kings - Reply By Ganeshan Kalyani - The Reply = Excise duty is applicable only when the removal of excisable goods is 1.50 crores and more. - Reply By M Kings - The Reply = Thanks for the information Ganeshan sir. - Reply By KASTURI SETHI - The Reply = You need not to get yourse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lf registered with Central Excise till you cross exemption limit of ₹ 1.50 crores. For computing exemption limit of ₹ 1.50 crores, the value of fully exempted goods or nil rate of duty is not to be accounted for . Value of the goods exported is also not to be included while calculating turnover of ₹ 1.50 Crores. When you cross turnover of ₹ 90 lakhs you are required to file ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... declaration with jurisdictional Range Officer of Central Excise. Notification No.36/2001-CE(NT) dated 26.6.2001 as amended vide Notification No. 14/2005-CE(NT) dated 1.3.2005 . refers. - Reply By KASTURI SETHI - The Reply = Sh.M.Kings, I have just elaborated the reply of Sh.Ganeshan Kalyani, Sir. I do agree with his reply. - Reply By Ganeshan Kalyani - The Reply = Yes th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e additional details given by Sri Kasturi Sir is of immense use then the turnover turnarounds. Thanks. - Reply By M Kings - The Reply = Thanks to Kasturi Sir and Ganeshan Sir for a wonderful response. - Central Excise Exemption - Query Started By: - M Kings Dated:- 4-5-2016 Central Excise - Got 6 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, perso ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nal 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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