Applicability

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2013 Dear Sir,

I am A manufacturer of Cable wire,
I purchase Semi finished Cable from a importer & than process it (covering cable with plastic coating)and sold them to cable operators and on retail also.

for example:
I purchase one drum of semi finished coaxial cable of copper length 4000 Mtr than, I cover it with plastic coating & make 40 roll of 100 mrt each and than sold.

my last year turnover was 80 lakh

please tell me is i am liable under central excise,

Arun Kumar Singh

Arun Kumar Singh (Expert)
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10 October 2013 SSI exemption is available to all units upto 1.5cr. No need to registration of central excise and no need to pay excise duty.

Querist : Anonymous

Querist : Anonymous (Querist)

10 October 2013 Thanks alot sir, for your advice,
But somebody told me that when turnover reach to 90 lacs we have to obtain Excise Code No.
What is Excise tax code.

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Arun Kumar Singh

Arun Kumar Singh (Expert)
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10 October 2013 When your turnover is reach to 90 lakhs then intimate to the excise department and after 1.5cr turnover you need to pay excise duty. No need to excise code before 1.5cr.

Querist : Anonymous

Querist : Anonymous (Querist)

10 October 2013 Sir,
Is it necessary to Intimate Excise Department on achieving turnover of Rs.90 Lakh

Querist : Anonymous

Querist : Anonymous (Querist)

10 October 2013 Sir,
Exemption of 400 lack for whom is ?