Uday G (Business) (254 Points)
13 September 2012
Proprietary Manufacturing concern is having following turnover from April to September:
1) Domestic turnover of excisable goods of Rs. 50 Lakhs.
2) Sale of excisable goods to EOU and SEZ,s Rs. 85 Lakhs.
Total Turnover Rs. 135 Lakhs
Total turnover is likely to exceed Rs. 150 Lakhs during this year. ( But domestic turnover will not exceed Rs. 100 Lakhs).
Whether it required to register under the central excise and pay duty on domestic sales.?
satya
(Executive Excise)
(1839 Points)
Replied 13 September 2012
have u opt "SSI" exemption under Central Excise?
Uday G
(Business)
(254 Points)
Replied 13 September 2012
we have not filed the declaration with the department and also we are not availing cenvat credit.
CAclubindia
