Basic Exemption limit as regards Exciseable Goods.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2009 please advise on when to to register under excise act.

Regards.

SANJAY JAIN

SANJAY JAIN (Expert)

19 December 2009 The Section 6 of the Central Excise Act, 1944 widely requires following persons to get registration;

a) engaged in the manufacturing of ANY SPECIFIED GOODS in first or second schedule to the Central Excise tariff Act,1985,
b) engaged in wholesale purchase or sale or storage of ANY SPECIFIED GOODS in first or second schedule to the Central Excise tariff Act,1985,

The above scope is marginally reduced by requiring only those persons engaged in manufacturing, dealing in EXCISABLE GOODS vide Rule 9 of the Central Excise Rules, 2002.

Further Notification No. 36/2001-CE (NT) dated 26.06.2001 has been issued under Rule 9 for granting exemption from registration and ultimately the following persons are required to get registration,

1. The person engaged in the manufacture of excisable goods whose value of domestic clearance of excisable goods on after netted by value of exempted goods, exceeds 1.5 crore rupee in the current financial year. Or otherwise the value of domestic clearance of excisable goods exceeded 4 crore in the preceding year. This exemption is not general as the list of goods in respect of which exemption is available, has been provided in the Notification No. 8/2003-CE dated 01.03.2003 in itself,
2. Secondly the traders who intends to pass on CENVAT credit benefit to the purchaser.

So introspect your query in the above precious provision and despite of any query, then feel free to write sanjayinfbd@yahoo.com (M-09350048731) or visit, HNO. 2489/8,Faridabad(Haryana).