exemption limit, Central Excise

[AFSAR UDDIN]

I am a SSI unit I am going to set up a eva sole factory , whether from the first sale excise is chargable or not.If not what is the exemption limit.

Posts / Replies

[Naveed S]

The exemption limit for SSI from payment of excise duty is ₹ 150 Lakhs rupess for clearances made on or after the 1st day of April in any financial year.

If you avail cenvat credit on the inputs received in your factory, then duty is to be paid from the first clearances.

Please study central excise Notification No. 08/2003 C.E. dated 01.03.2003 for further clarification relating to SSI exemption limit for units not availing CENVAT credit.