CENTRAL EXCISE SSI EXEMPTION:TRADING TURNOVER

if a service industry also manufactures excisable products as well but it amounts to less than 10% of total turnover. in this case will 4cr limit is for total turnover or excisable turnover( since the act mentions the word turnover and exclutions from such turnover)

Thus only the assesable value under Section 4 or 4A has to be taken. It excludes taxes etc.

Rajeshji, please clarify., whether ther permission is granted for Excisable Goods Trading[ Like 1st / 2nd stage ] or Non-excisable goods are also allowed to trade for a manufacturer producing goods under E.C.C registration. from the same premises by maintaining separate records and inventory...

kindly reply on my email : sunilexcise @ gmail.com  as early as possible.

thanks

kalpana singh

DEAR SIR ,

WHAT IS THE MANUFACTURER 1.5CR  EXEMPTION PROCEDURE BOOK, INVOICE ,RECORD  MAINTAING IN FIN.YEAR .

KALPANA SINGH

dear sir, i am waiting for your early reply if possible. thanks kalpana

Trding is allowed for non excisable goods too. No permission/intimation to the department is required. To calculate a turnover of 1.5 crore, no records has been prescribed. However, if the manufacturer maintains a simple register showing cumulative total of value of excisable, it will serve the purpose. The register may have following columns: Invoice No. Value of manufactured goods Total value of manufactured goods till date When the totel turnover reaches 90 lakhs, file a declaration with the department. When it start touching 150 lakhs, take registration and start paying duty.

DEAR RAJESH JI,

My client is the registered dealer in central excise . He purchase the goods from the manufacturer (chennai). But the commercial invoice raised by the supplier (Mumbai) against the payment  for the goods purchased.

My client  fill all details of excise bill but he never mention the name of the supplier (Mumbai) as the supplier is not the registered dealer in central excise thus the coloumn of  supplier's name remain left blank by my client . Though he only mentioned the name of the manufacturers name.

So kindly suggest is my client  questionable in the eyes of law for not mentioning the name of the supplier.

Thanks for  reply on date 31/03/2009.

Kalpana Singh

He must be receiving the goods directly from the manufacturer, under transit sale. In this circumstances, mentioning of suppliers name is not required.

In one of the thread on this forum, the concept of transit sale was discussed in detail. See, if you can find that.

 

 

Total sale of excisable goods only.

DEAR SIR,

I WOULD LIKE TO THANK YOU FOR RENDERING  YOUR VALUABLE  TIME FOR  ADVISING ON MY RELAVANT ISSUES.

THANKS AND REGARDS

KALPANA SINGH

 

Refund claim should be filed within one year. For procedure look at the following thread,

https://www.cbec.gov.in/customs/cs-circulars/cs-circulars08/circ06-2k8-cus.htm

 

Dear Rajesh Sir,

Could you please advise me that is it possible to run a new manufacturing unit  which already has a  central excise registered existing manufacturing unit  with a diffrent  Pan Card ,Tin No. & with diffrent name .  and in the new manufacturing unit  one of the director of the  old existing unit  is also the director  in the new manufacturing unit  and  the old existing unit is also holding 99%  share in the new manufacturing unit .

So please suggest  that the new manufacturing unit  is  entititled  for the SSI exemption of 1.5crore or not ?  And  if  not then what would be the  limit  for the exemption?  

Kalpana Singh