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Excise duty

Shruti Bhatia (PCC Inter) (54 Points)

08 March 2011

If I am maufacturer of handkerchiefs, my sale of handkerchiefs is 90Lacs & sale of cloth Rs90Lacs.

please let me know in this budget excise is levied at whate rate, and when a person has to get registered,

being exempted limit of 150Lacs.

Thanks

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5 Replies

Pankaj Arora (Learner) (3134 Points)
Replied 08 March 2011

You have to register when your home clearance is more than 90Lac.

Excise duty has applicable from 01.03.11 on branded cloth @ 10%

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CA Unnikrishnan Nair N (Chartered Accountant) (2083 Points)
Replied 08 March 2011

Readymade garments bearing brand name attracts 10% ED . SSI exemption of Rs.150 lakhs is available. Registration to be taken only when you cross150 lakhs.

Shruti Bhatia (PCC Inter) (54 Points)
Replied 11 March 2011

Garments madeup textiles being Rs 1.2crore and

sale of cloth ie exempted item Rs 80 lacs

when we are eligible to apply for excise registration when

garments sale exceeds Rs 1.5 cr

or when total sales including exempted item exceeds Rs 1.5 cr

also wheather textile madeups ie handkerchiefs come under the purview

of excise being in the list of 130 items delisted from exempted products.

Pankaj Arora (Learner) (3134 Points)
Replied 12 March 2011

exempted goods not includeable in calculating turnover of 1.50 Cr. but you have to maintion exempted goods records....

when your non exempted goods turnover cross 1.50cr. than register yourself under cental excise...

CA Unnikrishnan Nair N (Chartered Accountant) (2083 Points)
Replied 14 March 2011

Clearance of wholly exempted goods are not considered for the limit of Rs.150 lakhs. But it is includable in the limit of Rs.400 lakhs.Whether hand kerchiefs come under definition of ready made garments,matter has to be examioned in detail.