Turnover limit for applicabilty of excise duty
This query is : Resolved
Bhavesh D. Saraiya
(Querist)
19 December 2012
My client had taken excise registration as SSI Unit this year.(At the time of registration, Turnover was Rs. 120 lakh). Now turnover is Rs. 200 lakh. Whether excise duty appliacble on Remaining Rs. 50 Lakh? Or Can i avail the benefit of exemtion limit of Rs. 400 lakh by not availing CENVAT credt?
Ajay Raghatate
(Expert)
20 December 2012
Yes they liable to pay excise duty after crossing the 150 Crore of Turnover.
Plz go the below link
https://220.227.161.86/18935sm_finalnew_idtl_excise_cp13.pdf
Plz go the below link
https://220.227.161.86/18935sm_finalnew_idtl_excise_cp13.pdf
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