08 February 2013
We are a Propreitory firm registered under MVAT & CVAT, SHOP ACT. & Drug licence. we are getting a new lead in which Excise is charged to us on purchase. but we are not registered for Excise. My query is, 1. What is the criteria for registration. 2. have heard upto 90 Lac turnover it is not mandatory. is it correct? 3. if above is correct, how should we bill our customer, since we r not registered to excise? 4. Can we bill our customer under MVAT. 5. of the other product, which we will be purchasing from a dealer, who is importing the product. On this import goods, since the custom is tobe paid, is Excise tobe paid?
10 February 2013
You can avail SSI exemption or you can take excise registration from one day as you like. 90 lakhs turnover is not mandatory. Manufacturer can registered with excise and they can avail cenvat credit on input and input services.
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