Limit for excise

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2012 hello sir.
there are few query which are below:
1. what is limit for sale which come under excise act
2. tel me one thing more we current come under sale tax .. we are engaged in packaging material business. and we supply printed packaging material to exporter for their packing purpose of their food grain item which to be exported. and they issue us h form and b/l against our sale .. so this sale is exempted from excise or nt

U S Sharma

U S Sharma (Expert)
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14 October 2012 1. exempted upto 150 lacs per year of manufacturing sales for home consumption ( notification 8/2003)
2) sales against H form is not included in 150 lacs.