defination of turnover according to Central Excise

3467 views 3 replies

if any body know then please tell me. what is the defination of turnover according to central excise?  and when excise is applicable?

Replies (3)

turnover under excise = manufacture and sale of exisable goods excluding any taxes levied on sales. excluding export sales.

Excise applicable when such sales exceeds 150 lacs provided the manufacturer has not availed input credit facility on inputs.

The Value of excisable goods manufactured and removed [ NOT only SOLD] would be the "turnover". This would include job worked goods for a trader + raw material supplier, where the value of raw material wouldbe added to the value of job charges. [ at times even the value of sale to the trader/ RMS under rule 10.

For SSI exemption the value of exported goods, traded goods, job worked goods under Not 214/86 or for SSI , goods sent to SEZ/ 100% EOU, branded goods on which duty of excise is paid. can all be excluded. 

After manufacturing the goods, removable of such goods from the factory for consideration is called turnover.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details