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Central Excise Exemption

Central Excise - Started By: - M Kings - Dated:- 4-5-2016 Last Replied Date:- 11-5-2016 - 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? -&g .....

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rio 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 - .....

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.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 a .....

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