CENTRAL EXCISE SSI EXEMPTION:TRADING TURNOVER

Bharath Kedia (Business) (24 Points)

14 September 2008  

EXCISE SSI EXEMPTION NOTIFICATION 8/2003 allows a manufacturer exemption from excise on goods cleared upto a turnover of 1.5 Crores in a financial year provided turover in previous year is less than 4.0 crores.

Can the manufacturing unit engage in trading activity in the same item, if yes, will the trading turnover be included in the exemption limit of 1.5 crores & the eligibility limit of 4.0 crores?