Excise limit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 October 2013
what is the limit of Non SSi unit , our company is manufacture of health care product

as early as give a reply

@VaibhavJ

@VaibhavJ (Expert)
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18 October 2013 Hi

Unit whose turnover was less that Rs 4 crores in previous year are entitled to full exemption upto Rs 150 lakhs in current financial year. SSI unit can avail Cenvat credit on inputs and input services only after it starts paying duty. However, Cenvat credit of capital goods can be availed even if these were received during period of exemption.

Thanks//VaibhavJ

@VaibhavJ

@VaibhavJ (Expert)
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18 October 2013 Refer: http://www.dateyvs.com/tax/central-excise/excise-and-small-scale-industries/

For more details.

Thanks//VaibhavJ

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