Books Of A/C
This query is : Resolved
Darshana Pandhare
(Querist)
30 June 2009
Can anybody tell me the procedure of maintaining the books of excise & also the limit upto which excise is exempted.
Madhukar N Hiregange
(Expert)
02 July 2009
Own recordsa are sufficient. However the quantitive aspects of product and sale are required for excise.
The limit of exemption for SPECIFIED goods not bearing brand name is Rs 150 Lkahs provided the total manufactured goods in the previous year was less than Rs. 400 Lakhs.
The limit of exemption for SPECIFIED goods not bearing brand name is Rs 150 Lkahs provided the total manufactured goods in the previous year was less than Rs. 400 Lakhs.
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