| Originally posted by : sandeep | ||
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We are a manufacturing excisable unit with a brand name TTTT & we were paying no excise as the govt had given us excise exemption fro first five years in gujarat. I want to ask you that can we open a Trading unit. I want to know the Limit for the same whether is 150lakhs and whether we can use the same brand name TTTT in the trading unit & sell the products. As we are going to sell the same Material under same brand in Trading unit whether excise is applicable to us. Should we have a different company name & directors should be different for Trading unit. We are not going to cross the limit of150lakhs in Trading unit while selling the same brand in Trading unit whether excise will be charged on same & whats the limit. Whether we have to change the companys name & directors in Trading unit. whats the procedure Can you help me for the same..... whether there is any Section or clause. We will be setting our trading unit in Gujarat... Kindly give me the link to the Section or clauses Regards Sandeep_suvarna @ hotmail.com |
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raise your query to the authority who has granted you exemption for five years, as there must be some limitations and restrictions to enjoy this benefit.
once brand name is established, there is no exemption available under excise as per current excuse act and rules.
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