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About turnover limit of central excise.

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 March 2012 Respected Sir,
One of my clients is about to cross the turnover of Rs.4 crore,then he has to relise compulsorily excisable bill from 01-04-12 or if his turnover remains below 4 crore then can he avial the benefit of the limit of 1.5 crore duty exemption.
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CA Nikhil Jhanwar

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CA Nikhil Jhanwar (Expert)
28 March 2012 If the gross turnover of manufacturer in prevous is less than 4 crore only then he can avail exemption of first Rs. 1.50 crore turnover. Now if his turnover was below 4 crore in P.Y. 2011-12, then upto first domestic turnover 1.5 Crore in this F.Y. 2012-13, no excise duty will be levied
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CA Nikhil Jhanwar

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CA Nikhil Jhanwar (Expert)
28 March 2012 If the gross turnover of manufacturer in prevous is less than 4 crore only then he can avail exemption of first Rs. 1.50 crore turnover. Now if his turnover was below 4 crore in P.Y. 2011-12, then upto first domestic turnover 1.5 Crore in this F.Y. 2012-13, no excise duty will be levied
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