Excise help

This query is : Resolved

seema gupta (Querist)
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22 August 2019 Wanted to know more about Excise duty when it was applicable;
for a product which was bought and sold with my own Tradename and Logo in the year 2010-2017.
and the product was exciseable
1.Is Excise duty was applicable from very first sales .
2.Goods were purchased and sold by own tradename.
3.If i was not paid excise duty after a sales turnover more than 1.6 cr in a particular year.
than what will happen.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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14 November 2019 Excise duty will be applicable on manufacturing of goods and ssi exemption was applicable upto 1.5 cr. If you have purchase the goods and sale the goods bearing a own brand then it will be covered under the deemed manufacturing of goods and you need to pay excise duty.