I HEARD THAT, THE TURNOVER FOR REGISTERING EXCISE DUTY IS 1.5 CRORE. MY QUESTION IS, WHETHER THE EXPORT TURNOVER IS EXEMPTED FROM CALCULATING THE LIMIT OR TOTAL SALE IS CONSIDERING FOR CALCULATION.
24 July 2024
In the context of excise duty, "H" Form sales usually refer to interstate sales where the buyer is registered under the Central Sales Tax Act, 1956, and issues an "H" Form certificate to the seller. These sales are not considered exports for excise duty purposes because they are still within the territory of India, albeit across state borders.