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Exemptions

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(Querist)
04 July 2009 We are a Small Scale Manufacturing unit.Our sales for last three years are 120L,162L and 175L.We use red mud in 25% of our products. The qty. of red mud used is around 33% by weight of the product weight.This qualifies us for the exemptions under 03/2005.
Our annual sales figure remain below 150L limit after deducting 25% products made and sold by using red mud,where duty rate is nil.
As we remain below 150L(100L for 06-07) we have not registered with excise.
Do we have to file any returns/declarations etc with the excise department?
We maintain all records of red mud purchased and brought to factory and its consumpation details.
Please advise.
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Rajesh Kumar

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Rajesh Kumar (Expert)
05 July 2009 No return is required to be filed. You should file a declaration after crossing turnover of 90 lakhs.
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Aston Albuquerque

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Aston Albuquerque (Querist)
13 July 2009 We have failed to inform after crosing 90 lacs due to ignorance. What is the fine or penalty?
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