AS PER PROVISO VI TO RULE 12 OF CENTRAL EXCISE RULES 2002, AN ASSESSEE WHO IS AVAILING THE BENEFIT OF NOTIFICATION No. 01/2011-CE WILL HAVE TO FILE THE ER-8 RETURN. THE ASSESSEES MANUFACTURING SOME SPECIFIC ITEMS ARE ELIGIBLE TO FILE THIS RETURN. THEY WILL HAVE TO PAY DUTY ONLY @ 2% AND WILL NOT BE ENTITLED TO AVAIL CENVAT CREDIT ON INPUTS AND CAPITAL GOODS.
CAN AN ASSESSEE WHO IS FILING ER-8 RETURN AVAIL THE SSI EXEMPTION i.e. CAN AN ASSESSEE WHO IS FILING ER-8 RETURN AVAIL THE FACILITY OF EXEMPTION FROM EXCISE DUTY ON THE FIRST CLEARANCES OF Rs. 1.50 CRORES IN A FINANCIAL YEAR.
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