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exemption for small manufacturer

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This query is : Resolved

SACHIN KANSAL (Querist)

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.

U S Sharma

U S Sharma (Expert)

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.

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