Turnover calculation in excise
This query is : Resolved
ARINDAM KHAN
(Querist)
24 June 2016
Basic limit for exemption is 1.5 cr also we need to apply for registration once we reach the turnover of 90 lac. I am into a business of trading and manufacturing of portable structure cabins so If I have a manufacturing of just 40 lacs throughout the year and 1.3lacs is coming from the trading of portable structures, Do I Still need to obtain excise certificate?
Arun Kumar Singh
(Expert)
27 June 2016
Only Manufacturing turnover will be count for the purpose of SSI exemption.
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