Excise

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Querist : Anonymous (Querist)

07 February 2012 what is the turnover limit for a manufacturing company for excise duty applicability?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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07 February 2012 Unit whose turnover was less that Rs 4 crores in previous year are entitled to full exemption upto Rs 150 lakhs in current financial year. SSI unit can avail Cenvat credit on inputs and input services only after it starts paying duty. However, Cenvat credit of capital goods can be availed even if these were received during period of exemption.

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http://dateyvs.com/cenex09.htm

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