Coming out of Excise
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 March 2010
Sir,
We have claimed SSI excise exemption notification 8/2003 as on 01.04.2009.
But in current year we have not crossed 1.5 crore turnover. Hence we didn't get into excise
Even in next financial year we do not expect to do business more than 1.5 crores.
My query is, Now we want to come out of Excise ambit:-
1)We want to surrender Excise Certificate, how do we do and when to do
2)We have PLA Balance of Rs.40,000/-; Cenvat c/f balance of Rs.90,0000/-; 50% balance of Capital goods purchased Rs.1,20,000/-, how do we get the refund
3)Whether we have to request them to conduct excise audit
Kindly experts, help me out.
We have claimed SSI excise exemption notification 8/2003 as on 01.04.2009.
But in current year we have not crossed 1.5 crore turnover. Hence we didn't get into excise
Even in next financial year we do not expect to do business more than 1.5 crores.
My query is, Now we want to come out of Excise ambit:-
1)We want to surrender Excise Certificate, how do we do and when to do
2)We have PLA Balance of Rs.40,000/-; Cenvat c/f balance of Rs.90,0000/-; 50% balance of Capital goods purchased Rs.1,20,000/-, how do we get the refund
3)Whether we have to request them to conduct excise audit
Kindly experts, help me out.
SANJAY JAIN
(Expert)
29 March 2010
The PLA amount may be claimed by filing refund under section 11B.
The CENVAT credit amount shall lapsed with the surrender of licence.
The CENVAT credit amount shall lapsed with the surrender of licence.
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
- Nursery business
- Tax on Amount transferred in HUF Account
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
