04 July 2009
We are a Small Scale Manufacturing unit.Our sales for last three years are 120L,162L and 175L.We use red mud in 25% of our products. The qty. of red mud used is around 33% by weight of the product weight.This qualifies us for the exemptions under 03/2005. Our annual sales figure remain below 150L limit after deducting 25% products made and sold by using red mud,where duty rate is nil. As we remain below 150L(100L for 06-07) we have not registered with excise. Do we have to file any returns/declarations etc with the excise department? We maintain all records of red mud purchased and brought to factory and its consumpation details. Please advise.
CAclubindia
