Calculation of turnover

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 February 2014 Sir,
As on today as per section 4A our sales comes to Rs.1 crore 45 lacs of our own branded products and turnover of classical products (covered under notification no.,01/2011) is Rs.4.00 lacs. My query is :
a) for calculation of 150 lacs, whether both sales will be merged.
b) Can I pay 6% duty on own branded goods and 2% on classical goods (classical products means as per pharmacopiea)

Please give me reply.
Thanks

Arun Kumar Singh

Arun Kumar Singh (Expert)
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06 February 2014 All the goods covered under notification no. 01/2011 is exempt from excise duty. It will not be clubbed for SSI exemption. for the classification of goods and valuation, you should consult with any professional.