defination of turnover according to Central Excise

if any body know then please tell me. what is the defination of turnover according to central excise?  and when excise is applicable?

Replies (3)

turnover under excise = manufacture and sale of exisable goods excluding any taxes levied on sales. excluding export sales.

Excise applicable when such sales exceeds 150 lacs provided the manufacturer has not availed input credit facility on inputs.

The Value of excisable goods manufactured and removed [ NOT only SOLD] would be the "turnover". This would include job worked goods for a trader + raw material supplier, where the value of raw material wouldbe added to the value of job charges. [ at times even the value of sale to the trader/ RMS under rule 10.

For SSI exemption the value of exported goods, traded goods, job worked goods under Not 214/86 or for SSI , goods sent to SEZ/ 100% EOU, branded goods on which duty of excise is paid. can all be excluded. 

After manufacturing the goods, removable of such goods from the factory for consideration is called turnover.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details