exemption for small manufacturer
This query is : Resolved
25 April 2011
If an assessee has GTO less than Rs. 4cr, having mostly sales against H-Form. Then, please anyone inform me that either the exemption for Rs 1.5cr is inclusive of H-Form or not. If anyone is having any notification regarding this so, please provide me as well.
thanks in advance.
thanks in advance.
26 May 2011
I belive that you are referring the form H as prior to export sales, i.e the export through merchant exporter.
if your clearances details are matched with form H- billwise, with their copy of B/L, shipping bill attached with form H, then you have not to count the clearances which are supported by H forms for calculating the "clearence for home consumption" vide notification 8/2003,
if you have availed 9/2003 or cenvat credit facility then to claim such exemption you have to follow the procedure of ARE-1.
if your clearances details are matched with form H- billwise, with their copy of B/L, shipping bill attached with form H, then you have not to count the clearances which are supported by H forms for calculating the "clearence for home consumption" vide notification 8/2003,
if you have availed 9/2003 or cenvat credit facility then to claim such exemption you have to follow the procedure of ARE-1.
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