One of the manufacturer who manufacture garments on his trade name which is registered trademark and also on others trade mark. however his total turnover in aggreegate does not exceeds 150 lacs. in such case, do he has to charge excise duty in his invoice ?
if the turnover of the other's brand name exceeds 150 lacs should he required to charge duty though his total turnover including both does not exceeds 150 lacs ?
19 April 2011
THE BENEFIT OF SSI EXEMPTION WOULD BE AVAILABLE UP TO A VALUE OF CLEARANCES OF RS. 1.5 CRORE IN THE CURRENT FINANCIAL YEAR.
ALSO NOTED THAT WHERE NO BRAND NAME IS AFFIXED ON READY MADE GARMENTS BY MANUFACTURER, IS NOT REQUIRED TO REGISTERED AS THE LEVY IS ONLY ON GOODS BERAING A BRAND NAME
CAclubindia
