S NAGARAJ (GENERAL MANAGER) (24 Points)
15 July 2010Dear All
We are a registered SSI unit and supply electronic/electrical kits to college laboratories. Is there anyway we can avail excise duty exemption if we exceed the turnover limit of Rs.1.5 Crores in a financial year? Kindly guide us. Thanks & Regards, s nagaraj, jacchennai @ gmail.com, 9500086926
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 16 July 2010
there is a notification 10/97 C.E. dated 01.03.1997 which exempts certain goods supplied to especfied research institutions.
If you fall within that exemption notification then you can avail it.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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