Excise exemption limited

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chanchal kr verma (Querist)
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02 January 2014 Dear sir,

what is the excise exemption limited in manufacturing unit when two item manufacturer 1 exempted item and 2 exercisable item.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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02 January 2014 For the SSI exemption only manufacturing of taxable goods will be count. SSI exemption is 1.5cr.

chanchal kr verma

chanchal kr verma (Querist)
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02 January 2014 but sir i think if one item taxable and one exempted than limited is 4 cr

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Arun Kumar Singh

Arun Kumar Singh (Expert)
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02 January 2014 Its ok but only taxable goods will be count for SSI exemption.

chanchal kr verma

chanchal kr verma (Querist)
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02 January 2014 what is ssi exemption

Arun Kumar Singh

Arun Kumar Singh (Expert)
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02 January 2014 upto the 1.5cr no need to registered with excise and no need to pay duty.

chanchal kr verma

chanchal kr verma (Querist)
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02 January 2014 ok sir but i want to know that taxable item turnover is 1.2 cr and exempted item turnover is 3.0 cr total turnover is 4.2 cr. than what is rule applicable.

chanchal kr verma

chanchal kr verma (Querist)
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02 January 2014 if you dont know about of this query please reply me yes or no.

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