Excise exemption limited
This query is : Resolved
chanchal kr verma
(Querist)
02 January 2014
Dear sir,
what is the excise exemption limited in manufacturing unit when two item manufacturer 1 exempted item and 2 exercisable item.
what is the excise exemption limited in manufacturing unit when two item manufacturer 1 exempted item and 2 exercisable item.
Arun Kumar Singh
(Expert)
02 January 2014
For the SSI exemption only manufacturing of taxable goods will be count. SSI exemption is 1.5cr.
chanchal kr verma
(Querist)
02 January 2014
but sir i think if one item taxable and one exempted than limited is 4 cr
Arun Kumar Singh
(Expert)
02 January 2014
Its ok but only taxable goods will be count for SSI exemption.
chanchal kr verma
(Querist)
02 January 2014
what is ssi exemption
Arun Kumar Singh
(Expert)
02 January 2014
upto the 1.5cr no need to registered with excise and no need to pay duty.
chanchal kr verma
(Querist)
02 January 2014
ok sir but i want to know that taxable item turnover is 1.2 cr and exempted item turnover is 3.0 cr total turnover is 4.2 cr. than what is rule applicable.
chanchal kr verma
(Querist)
02 January 2014
if you dont know about of this query please reply me yes or no.
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