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Exemption limit of excise duty

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(Querist)
20 August 2013 In case of SSI, what is the exemption limit of Excise duty. Is there any time limit for availing the exemption? how much time we store input cenvat
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
21 August 2013 Upto the 1.5 cr turnover, exemption available to all unit. After that you will pay the duty and take the cenvat credit on stock.

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