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TMI BlogBASIC EXEMPTION LIMIT FOR REGISTRATION IN EXCISEX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All Members , One of my client in engage in manufacturing in ceiling fan blades , exhaust fan blades and during the current year he had sales nearly Rs.1 Crore . Whether he is liable for Excise Registration ? What is the basis exemption limit for Excise Registration in terms of turnover ? I will be highly oblidged please clarify the limit of non required Excise Registration comes under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SSI . Thanks BKGARG - Reply By Pradeep Khatri - The Reply = Under SSI regulations this limit is up-to 1.50 crore and up-to 4.00 crore paying the duty on concessional rate is optional. After crossing this limit you would have to pay the excise duty on full rate. - Reply By CA Seetharaman K C - The Reply = Exemption under notification, no. 8/2003 CE is applicable to SSI units, the main cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iterial which is taken into account for deciding the eligibility for exemption is that the turnover of Rs. 4 crores in the preceding financial year. According to the conditions of the notification, a manufacturing unit can avail the SSI exemption upto Rs. 1.5 crore in the current financial year, if the turnover of the previous year is not exceeding Rs. 4 crores. - BASIC EXEMPTION LIMIT FO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... R REGISTRATION IN EXCISE - Query Started By: - BAL KRISHAN GARG Dated:- 26-12-2012 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal 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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