Applying excise under limit

I own a small manufacturing company in Gujarat. Our turnover for the current year will be around 65-70L. We are working mostly with big clients in textile & an automobile manufacturer. Most of them are exciseable units and take CENVAT benefit. 

 

Can I apply Central Excise even if my turnover is less than 1.5Cr (or whatever is the limit) ? Can I take advantage of CENVAT and save money on the raw materials purchased ?

 

Thanks

Replies (2)

u cant claim cenvat credit on input used in the manufacturing for clearence upto 150 lacs even if u register for excise.

and for claiming ssi exemption your turnover in the previous year should be less than 400 lakhs.

The exemption notification of 8/2003 is an option and hence not mandatory for manufacturer. Therefore if you dont want to avail such exemption benefit , you can levy ED and claim cenvat cr as prescribed in ccr, 2004 Thanks and regards Karan

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