Exise duty on spices and pickles
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2015
Dear Experts,
Pls let me know weather manufacturer and sale of Spices (masala) and Pickles under own brand name would attract Excise Duty.
Waiting for your reply.
Pls let me know weather manufacturer and sale of Spices (masala) and Pickles under own brand name would attract Excise Duty.
Waiting for your reply.
12 December 2015
Yes is a Manufacture.
If the previous year turnover is less than 400 lakhs then you will be treated as SSI and in current year you can claim Value based Exemption till 150lakhs and no Excise Duty is payable. Otherwise you need to pay Excise Duty
If the previous year turnover is less than 400 lakhs then you will be treated as SSI and in current year you can claim Value based Exemption till 150lakhs and no Excise Duty is payable. Otherwise you need to pay Excise Duty
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