SALE AGST. H FORM IS EXPORT SALE IN EXCISE OR NOT (Excise)

This query is : Resolved

Samir

( Author )
19 March 2009

SIR,

WHETHER SALE AGST. H FORM IS TREATED AS EXPORT SALE IN EXCISE OR NOT & SAME IS EXCLUDED WHILE CALCULATING LIMIT OF TURNOVER LIMIT OF 150 LAKHS FOR SSI UNIT ?

THANKS

Rajesh Kumar

( Expert )
28 March 2009

It is not treated as export sale, however for specific purpose of calculating turnover limit, it may be treated as export sale if propcedure prescribed is followed.

Samir

( Author )
28 March 2009

Sir

Thanks a lot for the reply. Pls inform us what is the procedure. As till date are submitting ARE-1 agst. H Form Sale.

Waiting your valuable guidence

Thanks once again.

Samir

( Author )
28 March 2009

Sir

Thanks a lot for the reply. Pls inform us what is the procedure. As till date are submitting ARE-1 agst. H Form Sale.

Waiting your valuable guidance

Thanks once again.

Dayal

( Expert )
05 April 2009

Sale against form H means Third Party Export.

It is nothing but exports, We are not clear what treatment you have given in your books of accounts.

SSI exemption includes all turnover of excisable goods, and exports is one of them.

You have also not clarified whether this export is against rebate claim or CT-1 or LUT

SREELALITHA V

( Expert )
05 April 2009

export turnover will be exluded for 1.50 croroes ssi exemption limit if the export sale informed to the CE dept. before sale and procedure under ce rules are complied.