Coming out of Excise

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2010 Sir,
We have claimed SSI excise exemption notification 8/2003 as on 01.04.2009.

But in current year we have not crossed 1.5 crore turnover. Hence we didn't get into excise

Even in next financial year we do not expect to do business more than 1.5 crores.

My query is, Now we want to come out of Excise ambit:-

1)We want to surrender Excise Certificate, how do we do and when to do
2)We have PLA Balance of Rs.40,000/-; Cenvat c/f balance of Rs.90,0000/-; 50% balance of Capital goods purchased Rs.1,20,000/-, how do we get the refund
3)Whether we have to request them to conduct excise audit

Kindly experts, help me out.