21 March 2013
If the total turnover of SSI unit say is 2 crores which includes one crore of export sale of manufactured goods, fifty lakhs of domestic sale of manufactured goods and remaining 50 lakhs of trading of goods, should the unit get it registered with Excise department as the total value of sale of manufactured goods both for export and domestic market is 1.5 crores or should the unit get it registered only when the value of sale of manufactured goods in domestic market is 1.5 crores? Thanks for your guidance.
21 March 2013
EXEMPTION OF RS. 1.5 CRORE IS ALLOWED ONLY FOR DOMESTIC SALE. THEREFORE, REGISTRATION IS REQUIRED AFTER CROSSING THE ABOVE LIMIT OF DOMESTIC MANUFACTURED GOODS ONLY. THANKS. PL. CLICK ON "THANKS USER", IF YOU ARE SATISFY WITH REPLY. RAJEEV GARG. CONSULTANT.
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