1% excise duty on jewellery
This query is : Resolved
25 March 2016
A jeweller is engaged into manufacturing as well as trading of jewellery. His turnover from manufacturing during f.y.2014-15 is Rs.11.00 crores and from trading is Rs.5.00 crores. Is he eligible for registration and payment of excise and not eligible for SSI exemption?
Does turnover includes both trading and manufacturing turnover?
Does turnover includes both trading and manufacturing turnover?
25 March 2016
Dear
the jeweller is eligible to adopt ssi exemption.
as the trading turnover is not included in calculation of eligibility limit.
the jeweller is eligible to adopt ssi exemption.
as the trading turnover is not included in calculation of eligibility limit.
26 March 2016
Can you please elaborate and also suggest some text for reading.
26 March 2016
DEAR
Provided further that exemption contained in this notification shall not apply to goods which are chargeable to nil rate of duty or are exempt from the whole of the duty of excise leviable thereon.
tRADING ACTIVITY IS EXEMPTED FROM EXCISE.
THE ABOVE IS EXTRACT FROM NOTIFICATION 8/2003, SSI EXEMPTION NOTIFICATION.
LINK IS REPRODUCED BELOW.
https://www.eximkey.com/notification.php?intId=2225&Path=/Sec/Excise/nc/NotTariffNonTariff/NotificationsIssuedInTheYear2003/Tariff/NTF__NO__08-2003-CE_DT__01-03-2003.htm
FOR ANY CLARITY PLS DO REVERT.
Provided further that exemption contained in this notification shall not apply to goods which are chargeable to nil rate of duty or are exempt from the whole of the duty of excise leviable thereon.
tRADING ACTIVITY IS EXEMPTED FROM EXCISE.
THE ABOVE IS EXTRACT FROM NOTIFICATION 8/2003, SSI EXEMPTION NOTIFICATION.
LINK IS REPRODUCED BELOW.
https://www.eximkey.com/notification.php?intId=2225&Path=/Sec/Excise/nc/NotTariffNonTariff/NotificationsIssuedInTheYear2003/Tariff/NTF__NO__08-2003-CE_DT__01-03-2003.htm
FOR ANY CLARITY PLS DO REVERT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Refund of 20%pre-deposit paid for stay application
- Two seprate Invoice needed
- CCFS 2026 Schemed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
