excise liability of firm having turnover 162 lakhs
This query is : Resolved
03 June 2011
on of our client has a turnover of 162lakhs
is those are liable for excise duty
they are not registered yet?
they manufature some matterials?
is those are liable for excise duty
they are not registered yet?
they manufature some matterials?
03 June 2011
you can claim SSI Exemption. Ssi exemption is available if ur turnover not exceed Rs.400 lakhs in immeditely preceding year. If ur eligible for SSI exemption as per this condition you can take exemption.
After availing exemption u r not required to pay excise duty clearnce upto Rs.150 lakhs.As ur clerances exceed rs.150 lakhs you have to pay duty on amount exceeding rs.150 lakhs.you have to get registered and pay duty on rs.12 lakhs.
After availing exemption u r not required to pay excise duty clearnce upto Rs.150 lakhs.As ur clerances exceed rs.150 lakhs you have to pay duty on amount exceeding rs.150 lakhs.you have to get registered and pay duty on rs.12 lakhs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Free lancer income
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG FOR GOLD ETFs
- Suggestions required for income tax filing-software (FY 2025-26)
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
