30 June 2012
Thankyou for the reply regarding excise duty payment but Central excise Inspector is not agreeing, he is telling the 6th is the duty payment.
Ours is a PCB manufacturing unit, which comes under chapter no. 8534 , turnover less than 4 crore , please let us know whether our unit comes under SSI unit? what is the chapter NO. 7,7a,7b,7c and 7D. Please clarify.
04 July 2012
If your turnover is less than 4 crore then you have to take every year 1.5 crore exemption from excise. If you cross 4 crore then you have to pay normal excise duty and take cenvat credit.
CAclubindia
