When excise duty applicable & when inform to excise duty

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This query is : Resolved

Uma Kant Verma (Querist)

01 January 2016 Sir,
i Want to just know that how many turnover we have to inform excise deptt. for registeration for SSI Unit & when we have to apply for registration.

ANIL JANGID

ANIL JANGID (Expert)

02 January 2016 Declaration to be filed on reaching specified limit

a. SSI units whose turnover is more than specified limit (at present ₹90 lacs) but less than exemption limit (i.e. ₹150 lacs) have to file a declaration in the prescribed form.

b. Such declaration has to be filed only once in the lifetime of the assessee (and not every year).

Registration

SSI units whose turnover is ≤ ₹150 lacs are exempted from registration. Once the exemption limit exceeds, the unit shall compulsorily get registered with the Central Excise authorities.

Due date for payment

a. Once the turnover exceeds the exemption limit, SSI units are liable to pay ED.

b. Due date for payment of duty is 5th of the following month from the end of relevant quarter (6th in case of e-payment) for clearances during Apr-Feb, and 31st March for clearances during Mar.

c. SSI units (whether claiming benefit of exemption or not) are liable to pay ED on quarterly basis. Further, this relaxation is available for the entire financial year even if the SSI unit crosses the limit of ₹400 lacs during the current year.

Filing of return

Assessees are required to file quarterly return in ER3 on/before 10th of the following month from the end of the relevant quarter. For example, if the return pertains to I Qtr (Apr-Jun), the due date for filing ER3 would be 10th July

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