Central Excise Exemption of ₹ 150 Lakhs, Central Excise

[sachin shilamkar]

We are importer of essential oil and registered with excise as dealer. Our annual turnover is 50 Cr from trading business. Now we want to get into manufacturing so we want to know can we avail the excise exemption of ₹ 1.50 Cr given to manufacturer who are SSI Units (Our investment in machinery is less than 1 Cr ).

Posts / Replies

[MUKUND THAKKAR]

yes,

you are eligible for getting the exemption of 1.50cr as a manufacturer .Trading is the different activity . Turn over of the trading activity is not considering in your manufacturing exemption limit.

[KASTURI SETHI]

I endorse the views of Sh.Mukund Thakkar, Sir.

[CS SANJAY MALHOTRA]

I too endorse views of Sh. Mukund / Sh. Kastur ji.