Clearance of 90 lakh. how should i proceed ?

606 views 6 replies

Hello ,

Please advise ,  Manufacturer crossed 1.2 Cr turnover , How should I proceed to declare same with Excise authority, If I declare am I eligible for SSI 1.5 CR Exemption? Is this declaration means permanant registration ?

 

Replies (6)

SSI exemption limits 1.5 only crore and if you cross the Rs. 90 lacs sale then then you needs a self-declaration should be submitted in the Excise Dept. and if you cross the maximum exemption limit above Rs. 4 crore then you cannot availed the exemption benefit for next year.

And you should go to registration. If you having other observation or not got my things then forward the same.

Thanks for the information.

After declaring the same , Do I have to opt for  registration sepearately before crossing 1.5 Cr , ?

Only one registration required for you and if you cross the exemption limit Rs. 4 crore then you will not require obtained a new registration number.

Only one registration number is sufficient for you. Hope you got this things if not plz forward the same.

No sir I am still not clear ,

As you said after 4 Cr I  have to opt for registration.

My question , whether I have to opt for registration after crossing 1.5Cr ? as I get eligible to pay tax after crossing of 1.5 Cr.?"

Please clarify

In this regard you can adopt Two Option i.e.

  1. First clearance have to pay excise duty and
  2. Secondly you can take the exemption benefit 1.5 crore

In your queries that are if you cross the 1.5 crore then you have to pay Central Excise Duty in this regard and you can take the benefit of Cenvat Credit Rule, 2004 paid Central Excise Duty on purchase.

OK Thank you very much


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details