ssi exemption and cenvat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2011 Sir,
During the year I have taken excise registration and I want to take benefit of ssi exemption upto the turnover of Rs. 150 lacs. I want to know what will be the position of accumlated excise duty on capital goods and raw material/packing material as on 31st March 2011.Whether I can carry over or not excise duty received as input on capital goods and raw material/packing material.
Thanks

B R Ramesh

B R Ramesh (Expert)
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17 January 2011 Hi

if you are registred manufacture or dealer
you sould charge & collect the duty.

at the same time you can avail the cenvat on capital goods & raw material the closing balance you can carry over the same to the april -2011