Excise Registration & Cancellatiion - SSI Exemption - Reg
This query is : Resolved
18 March 2009
Hello! Friends,
Our company starts manufacture with registration under excisable goods. After 7-8 months, the company applied for cancellation of registration due to their internal & market problems, with a turnover of 10-12 lakhs. The excise range inspector visit the unit, after 10 days, after applying for cancellation. The company didn't receive the cancellation letter from excise department.
Now the company wants to avail SSI exemption for a turnover of 1.5 crores,
in the same financial year. Is it possible?
If possible, what we've to intimate the excise department? What are the procedures for it?
Please....
Our company starts manufacture with registration under excisable goods. After 7-8 months, the company applied for cancellation of registration due to their internal & market problems, with a turnover of 10-12 lakhs. The excise range inspector visit the unit, after 10 days, after applying for cancellation. The company didn't receive the cancellation letter from excise department.
Now the company wants to avail SSI exemption for a turnover of 1.5 crores,
in the same financial year. Is it possible?
If possible, what we've to intimate the excise department? What are the procedures for it?
Please....
Rajesh Kumar
(Expert)
18 March 2009
If you were paying duty and taking cenvat in the beginning, you cant take exemption of 1.5 crore in the same financial year.
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