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Excise registration

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(Querist)
08 June 2009 I have one unit whose turnover in f.y. 2008-09 is Rs 103 lacs. From april-09 to date date its approx Rs 93 lacs. I have not file declaration for ssi exemtion. Is it required to file declaration? is there any penalty for that? When I am required to registered? Please advice
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
09 June 2009 Theoritically there is a requirement to file a declaration on crossing Rs.90 lakhs. However very few manufacturers intimate and though penal provisions are set out nromally not invoked.
Registration is not required as long as you are sure of your liability.
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