virshah12@gmail.com (Self Employed) (39 Points)
11 April 2012If someone is in manufacturing business and currently not having excise no.:
1. What is the sale turn over limit for compulsory registration for excise?
2. What is the sale turn over limit for compulsory intimation to excise department?
Sunil Kumar G
(AGM Taxation)
(373 Points)
Replied 12 April 2012
1) Registration is not required for person who manufacture the excisable goods, which are chargeable to nil rate of of excise dury ofr fullly exempt from duty by notification.
2) Small Scale Industry (SSI) manufacturers having annual turnover below 4 Crores. However such units will be required to a declaration (Intimation) in annexure 4 once the value of their clearance rached Rs. 40 lacs.
Arun Kumar Singh
(GST Advocate)
(15220 Points)
Replied 13 April 2012
full exemption from excise upto the first clearances of Rs. 150 lacks, starting from 1st April. If your turnover is 90 lakhs, you need to give intimation to the department.
Somnath Shingare
(Manager Sales)
(21 Points)
Replied 13 September 2012
Dear All,
What do you mean by first clearence.
Regards,
Somnath
satya
(Executive Excise)
(1839 Points)
Replied 13 September 2012
Dear Somnath,
When we opt "SSI" unit under Central Excise, from 1st Apr of Financial year , up to the sales turnover of Rs.150 laks, no need to pay Excise duty.
R P Ananthakumar
(Sr. Officer - Central Excise/Cash)
(514 Points)
Replied 17 September 2012
| Originally posted by : Sunil Kumar G | ||
 |
If someone is in manufacturing business and currently not having excise no.: 1. What is the sale turn over limit for compulsory registration for excise? Rs.150 lacs for a financial year 2. What is the sale turn over limit for compulsory intimation to excise department? Once you reached Rs.150 lacks in a financial year you have to register . Pre intimation is not required upto Rs.150 lacks |
 |
Anand
(Practicing CA)
(190 Points)
Replied 01 November 2012
In computing Turnove rof Rs. 1.5 cr
it will be Gross or Net ofTaxes?
abhishek
(self employed)
(27 Points)
Replied 01 November 2012
my total excise sales turnover doesnt exceed 150 in a year in that case do i have to prepare excise invoice or a normal invoice???
Dhruvi N suthar
(Account Executive)
(303 Points)
Replied 10 December 2013
How you can prepare excise invoice until you didnt get excise no.
you should have to preapre normal invoice only once you cross the limit you have to prepare excisable invoice.
sisir kumar rout
(Asst Manager(Accounts))
(23 Points)
Replied 22 January 2014
is there any rules for turn over limits for both SSI unit and general Unit.
karan jit singh
(Consultant)
(1299 Points)
Replied 24 January 2014
1.5CR is the current limit for F.Y 2013-14
Anas
(Student)
(25 Points)
Replied 10 March 2014
Suppose if someone is doing different kinds of bussinesses under one company/firm such as
(i) Job work for fabrication for a government company (Turnover: say about 75 lacs)
(ii) Freight/Transportaion (Turnover: say about 20 lacs)
(iii) Contractor for PWD (Turnover: say about 150 lacs)
(iv) Trading of different items (Turnover: say about 55 lacs)
and say the combined turnover from different buissenesses for the same company/firm is about 3 crores
So in this case, is it necessary for the firm to obtain central exice number. And what are the limits for the above mentioned bussinesses and for the combined bussiness
satya
(Executive Excise)
(1839 Points)
Replied 11 March 2014
Under Excise your Job work is applicable.
pavazh
(Cost Accountant)
(68 Points)
Replied 15 March 2014
First identify that the goods is fall under excisable goods in tariff if goods fall under excisable then consider previous year turnover should not be more than 4 crore and current year turnover 1.5 crore there is no need of registration with central excise
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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