EXCISE REGISTRATION REQD. OR NOT
This query is : Resolved
03 May 2011
If an assessee has GTO of Rs. 2.25cr, having sales against H-Form for Rs 2cr and & Rs0.25cr in DVAT @12.5%. Then, please anyone inform me that either the exemption for Rs. 1.5cr is inclusive of H-Form or not. OR is there any requirement of Excise Registration or not. If anyone is having any notification regarding this so, please provide me as well.
09 May 2011
Exemption limit is exclusive of Export Sale.
So you sale/manufacture for home consumption is only Rs.0.25cr and
you are entitled for benefit of exemption notification,
if other conditions as per notification are also satisfied
So you sale/manufacture for home consumption is only Rs.0.25cr and
you are entitled for benefit of exemption notification,
if other conditions as per notification are also satisfied
10 May 2011
H form is recognised in VAT but does not find specific exclusion in excise.
However where the goods are exported from directly your factory by the other person you may not face any problem as long as you also have the export documentation of the buyer available.
If your product is garments then maybe you should seek a clarification which maybe provided.
In other cases if the same is a branded product then you may have to charge the central excise duty and the trader has a facility of going for a drawback.
However where the goods are exported from directly your factory by the other person you may not face any problem as long as you also have the export documentation of the buyer available.
If your product is garments then maybe you should seek a clarification which maybe provided.
In other cases if the same is a branded product then you may have to charge the central excise duty and the trader has a facility of going for a drawback.
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