SSI registration

This query is : Resolved

Kapil Dev Sanghai (Querist)
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22 March 2011 Our co. turnover is rs. 2 cr. Out of this 2 cr . Rs. 1.5 cr is export.

Another co. whose total turnover is Rs. 1.25 cr out of which 1 cr is export.

Do i need to get register in excise?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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22 March 2011 yes for further incentive you can get registered.
after registration No license is required and a simple registration with the Central Excise department would suffice.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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22 March 2011 please noted that Subject to specified conditions, the following categories of persons need not obtain Central Excise registration. (i) Manufacturers of goods which are chargeable to nil rate of duty or are fully exempt; (ii) SSI manufacturers having annual turnover of below Rs.90 lakhs. Once their turnover touches Rs.90 lakhs, they should give the prescribed declaration to the Jurisdictional Superintendent of Central Excise; (iii) Job-workers of ready-made garments if the principal manufacturer undertakes to discharge the duty liability; (iv) Approved/licensed units in Export Processing Zones, Special Economic Zones and 100% Export Oriented Units.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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22 March 2011 also noted that :-
Generally speaking, the Small Scale Units, who manufacture the goods specified in the relevant exemption notifications and fulfil the conditions specified in such exemption notifications, are exempt from payment of duty till their aggregate clearances do not exceed Rs.1 Crore in a financial year. The Small-Scale units whose clearances in the previous financial year exceeded the limit of Rs.3 Crores, which will also include the value of exempted goods (excluding exports), are not entitled to such exemption. Generally speaking, the Small Scale units who are availing the CENVAT credit are required to pay duty at concessional rate of 60% of the prescribed rate till their clearances reach Rs.1 Crore. For further details, please consult the nearest Central Excise Range Office.

for info:-

http://www.centralexcisemadurai.tn.nic.in/cex_faq.html

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