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Excise duty

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(Querist)
04 April 2009 Sirs,

I would like to know about excise duty. The present threshold limit of excise duty for SSI units is Rs.1.5 crores. When a firm crosses the limit, should they pay excise duty only for the amount crossed the limit or whole?

Regards,

Moideen Kutty
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S. Banerjee

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S. Banerjee (Expert)
04 April 2009 The have to pay ex duty on the sale value on which exceed 1.5 crores if the firm has not availed Cenvat Credit.
Thanks, S. Banerjee
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