Dear Freinds,
We are traders and manufacturers of lighting equipments. We have total sales of Rs. 3 Crore up to 30/09/2012 wherein manufacturing items sale is Rs. 1.25 Crore and trading items sale is Rs. 1.75 crore. Kindly solve below mentioned problems:
1. When we have to get registered with excise.
2. Out of 1.25 crore manufacturing item sale, 80 lacs manufactured during f.y. 2012-13 and 45 lacs were opening balance manufactured items from previous year.
3. Should we count current year manufacturing items for excise registration or we have to count opening balance manufactured items also.
4. We have branch transfer also. Should branch(only trading sale) also require to get registered with excise.
5. If we transfer manufactured items to branch. We have to charge excise or not.
6. If we have to get registered, what are the formalities.
Kindly help me on above topics.
Thanks
Ajay Singh
CAclubindia
