I would like to know the eligibility crieterion for filing the Excise Return ER-3 (Quarterly). More specifically is it only for those assesses who claim Small scale industries exemption (Turnover upto Rs. 150 Lakhs, no credit on inputs etc) . Also whether it is possible to claim CENVAT Credit on inputs / capital goods and file quarterly return ER-3 as there is no turnover on which duty is payable (by availing exemption under 214/86 ). If it is possible kindly let me know the relevant notification.
Regards
Dileep Kulkarni
Manager Finance)
CAclubindia
