Turnover calculation

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Ramesh (Querist)
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23 January 2014 We are doing a Jobwork for coating on textiles, wherein the textile cloth is supplied by our customer and we use our raw materials to do coating job on the fabric.

How is our company's turnover for excise limit of 150 lacs calculated .

Do we need to add value of textile to our turnover.
If our customer is excisable unit , and they provide us necessary forms (57 form)

Arun Kumar Singh

Arun Kumar Singh (Expert)
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26 January 2014 Jobwork is exempt from excise duty and service tax. principal manufacturers are liable to pay duty.

Ramesh

Ramesh (Querist)
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27 January 2014 Thanks for your guidance, , but what happens to the raw material for coating what we use,

how is it calculated in turnover as ref to excise

Do I need to add value of textile to my value of coating material to arrive on turnover calculation in relation to excise 150 lacs turnover limit for ssi

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Ramesh

Ramesh (Querist)
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28 January 2014 Thanks for your guidance, , but what happens to the raw material for coating what we use, how is it calculated in turnover as ref to excise Do I need to add value of textile to my value of coating material to arrive on turnover calculation in relation to excise 150 lacs turnover limit for ssi