For intimation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 February 2014
SIR
I AM RUNNING A PROPRIETORSHIP MANUFACTURIN FIRM TILL TODAY i.e 26-02-2014, MY TURNOVER IS RS 1CR 10 TEN AND IT CAN GO UPTO 125 LAC THIS FINANCIAL YEAR , NOW PLEASE SUGEST MY WHETHER I SHOULD GO FOR EXCISE REGISTRATION OR NOT , BECAUSE NEXT YEAR MY TURNOVER WILL BE AROUND 80 TO 85 LAC.
THANKS
MUKESH
I AM RUNNING A PROPRIETORSHIP MANUFACTURIN FIRM TILL TODAY i.e 26-02-2014, MY TURNOVER IS RS 1CR 10 TEN AND IT CAN GO UPTO 125 LAC THIS FINANCIAL YEAR , NOW PLEASE SUGEST MY WHETHER I SHOULD GO FOR EXCISE REGISTRATION OR NOT , BECAUSE NEXT YEAR MY TURNOVER WILL BE AROUND 80 TO 85 LAC.
THANKS
MUKESH
27 February 2014
yes excise registration is necessary when u have manufacturing activity.
27 February 2014
Hi Tushar and Mukesh,
But I believe You are not require to Register as you are must be availing SSI exemption (400 lacs.). But as if your Clearances is 90 lacs or more then you have to file a declaration In Annexure 1.
Tushar Can you please confirm- https://wirc-icai.org/(S(r5x1ap55zngsk2jaegwzyrvy))/ezine-new/volumeIII/Article%20on%20Central%20Excise%20Registration.pdf
But I believe You are not require to Register as you are must be availing SSI exemption (400 lacs.). But as if your Clearances is 90 lacs or more then you have to file a declaration In Annexure 1.
Tushar Can you please confirm- https://wirc-icai.org/(S(r5x1ap55zngsk2jaegwzyrvy))/ezine-new/volumeIII/Article%20on%20Central%20Excise%20Registration.pdf
27 February 2014
exemption is in relation to paying of excise and not for registration of excise.
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