Our company starts manufacture with registration under excisable goods. After 7-8 months, the company applied for cancellation of registration due to their internal & market problems, with a turnover of 10-12 lakhs. The excise range inspector visit the unit, after 10 days, after applying for cancellation. The company didn't receive the cancellation letter from excise department.
Now the company wants to avail SSI exemption for a turnover of 1.5 crores, in the same financial year. Is it possible? If possible, what we've to intimate the excise department? What are the procedures for it?
CAclubindia
