S NAGARAJ (GENERAL MANAGER) (24 Points)
15 July 2010Dear All
We are a registered SSI unit and supply electronic/electrical kits to college laboratories. Is there anyway we can avail excise duty exemption if we exceed the turnover limit of Rs.1.5 Crores in a financial year? Kindly guide us. Thanks & Regards, s nagaraj, jacchennai @ gmail.com, 9500086926
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 16 July 2010
there is a notification 10/97 C.E. dated 01.03.1997 which exempts certain goods supplied to especfied research institutions.
If you fall within that exemption notification then you can avail it.
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