Exemption of excise for ssi

Naman Munjal (Others) (33 Points)

01 April 2015  

Dear Sir,

My question is regarding the excise excemption to SSI units.

Suppose if a company has a turn over less than 30 lacs in the previous financial year, then how it can avail the benefit of cenvat exemption

Does it requires any registraions for claiming the excise paid on input goods purchased for manufacturing products.

For example,

A is the manufacturer of the raw material and charges excise duty to B.

B is the manufacturer of the product and its turn over is less than 30 lacs previous year,

C is the purchaser of the goods manufactured by B.
 SO, how B will settoff the excise paid on the raw material purchased from A, so that the excise paid by B does not encounters its cost price.

If SSI units are excepted from central excise duty upto 1.5 crores, then how to avail this exemptions and buy the raw material

Thank You