Jai (N.a) (24 Points)
10 February 2015
hanamshet
(CONSULTANT)
(176 Points)
Replied 22 February 2015
The exemption limit for units whose turnover had not exceeded 400 lacs during the previous financial year is 150 lacs, After crossing 150 lacs local turnover excluding exports you have to get regitgered and clear goods under excise tax invoice and follow all the procedures of maintaining records and subnmitting returns, You can also avail cenvat credit on inputs and services used in the manufacture of excisable goods and follow cenvat credit rules.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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