Exemption limit
This query is : Resolved
Jawaid Sharfi
(Querist)
28 April 2012
Sir
Could you pls tell me what is the excisable turnover limit upto which no excise is leviable specially for the manufacturing of Sofa Furniture made of Leather and Synthetic leather. Pls also tell me the rate of excise applicable. Thnaks
Could you pls tell me what is the excisable turnover limit upto which no excise is leviable specially for the manufacturing of Sofa Furniture made of Leather and Synthetic leather. Pls also tell me the rate of excise applicable. Thnaks
P.Bashista
(Expert)
30 April 2012
Turnover below Rs.150 lacs is not laible to excise duty but you need to give an intimation to the department once you cross a turnover of Rs.90 lacs of excisable goods.
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