Excise duty patment
This query is : Resolved
30 June 2012
Thankyou for the reply regarding excise duty payment but Central excise Inspector is not agreeing, he is telling the 6th is the duty payment.
Ours is a PCB manufacturing unit, which comes under chapter no. 8534 , turnover less than 4 crore , please let us know whether our unit comes under SSI unit? what is the chapter NO. 7,7a,7b,7c and 7D. Please clarify.
Ours is a PCB manufacturing unit, which comes under chapter no. 8534 , turnover less than 4 crore , please let us know whether our unit comes under SSI unit? what is the chapter NO. 7,7a,7b,7c and 7D. Please clarify.
Arun Kumar Singh
(Expert)
04 July 2012
If your turnover is less than 4 crore then you have to take every year 1.5 crore exemption from excise. If you cross 4 crore then you have to pay normal excise duty and take cenvat credit.
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