We are manufacturing Bakelite Handles for various industries since 2005. To some manufacturers we are suppling Bakelite handles with logo For ex PRESTIGE , We are suppling these handles to the original equipment manufacturer and he is using these handles in making his pressure cooker. we are not suppling these handles in the market to any traders. We are also manufacturing handles for other cooker and cookware manufacturers with out any Logo. Our sales are less then 1.5 crores .We have got our company registered under excise in APRIL 2010. Now the EXCISE PEOPLE HAVE TAKEN OUR BILLS FOR LAST FIVE YEARS AND GIVEN A SHOW CAUSE NOTICE DEMANDING EXCISE ON THE MATERIAL SUPPLIED TO TTK PRESTIGE LTD FOR LAST FIVE YEARS . WE HAVE NOT FILED ANY DECLERATION WITH EXCISE DEPARTMENT .The querry is, is their any Liability of ours to deposit any excise.We are ssi unit isn't we are eligible for SSI exemption
05 September 2010
Please examine the exemption 8/2003 as amended. It provides for exemption for OE supplies. Take a declaration from your cusomters that they are using for OE and provide the same at the time of reply. If the manufacturers were using for other than OE you could have an issue.
CAclubindia
