I am working in manufacturing co. of electrical panel. and we have reached 1.85 crore torn over this year.
but in this amount we have purchased transformer for site installation purpose and many other trading activities. and our core manufacturing is about 90 lakhs.
so please advise us about excise registration is now mandatory or not
what is excise registration eligibility in details.
27 October 2012
SSI unit having turnover below Rs. 150 lakhs, which are exempt from duty, are also exempt from provisions of registering their unit with excise authorities.
27 October 2012
Dear aaditya, you can advise to him that excise duty will be applicable on manufacturing activity, trading of goods will not be count for the purpose of calculation SSI exemption.
CAclubindia
