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Querist : Anonymous

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Querist : Anonymous (Querist)
27 February 2014 SIR

I AM RUNNING A PROPRIETORSHIP MANUFACTURIN FIRM TILL TODAY i.e 26-02-2014, MY TURNOVER IS RS 1CR 10 TEN AND IT CAN GO UPTO 125 LAC THIS FINANCIAL YEAR , NOW PLEASE SUGEST MY WHETHER I SHOULD GO FOR EXCISE REGISTRATION OR NOT , BECAUSE NEXT YEAR MY TURNOVER WILL BE AROUND 80 TO 85 LAC.

THANKS

MUKESH

27 February 2014 yes excise registration is necessary when u have manufacturing activity.

27 February 2014 Hi Tushar and Mukesh,

But I believe You are not require to Register as you are must be availing SSI exemption (400 lacs.). But as if your Clearances is 90 lacs or more then you have to file a declaration In Annexure 1.
Tushar Can you please confirm- http://wirc-icai.org/(S(r5x1ap55zngsk2jaegwzyrvy))/ezine-new/volumeIII/Article%20on%20Central%20Excise%20Registration.pdf


27 February 2014 exemption is in relation to paying of excise and not for registration of excise.



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