Eligibility for registration
This query is : Resolved
27 October 2012
Hello Sir
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.
thanks in advance
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.
thanks in advance
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
I agree with Expert.
27 October 2012
but we have cross 1.5 crore (with trading) and our core manufacturing is still 90 lkh
so in this condition, we come in excise liability or not
so in this condition, we come in excise liability or not
27 October 2012
Trading of goods will not be count in 1.5cr only manufacturing turnover will be count.
27 October 2012
thank sir for valuable advise
but if any audit held regarding to excise and officer will say u have crossed 150 lakh then how i will satisfied them
what i will tell them
it is only on doubt. please reply soon please
but if any audit held regarding to excise and officer will say u have crossed 150 lakh then how i will satisfied them
what i will tell them
it is only on doubt. please reply soon please
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.
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.
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