Excise duty
This query is : Resolved
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
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
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
Thanks, S. Banerjee
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