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Excise duty on manufacture of furniture item


CS Lalit Chaudhary (Practice)     12 March 2014

CS Lalit Chaudhary
Practice 
 24 points

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Dear 

If X person is manufacturing furniture items like table, chair, bed etc in his shop & selling at his shop only. is it liable to excise duty or Vat or both. Please help. 

Ragards

Rajesh

avater

Manoj Mehta (Head Of Department (Accounts & Finance))     12 March 2014

Manoj Mehta
Head Of Department (Accounts & Finance) 
 176 likes  1474 points

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Dear rajesh it depend on your turnover/sales. Threshold limit for vat is 20lakhs as per latest amendment. You should check your state vat for the same and get yourself registered . May be excise will not be applicable in your case but not sure. Regards

avater

R P Ananthakumar (Sr. Officer - Central Excise/Cash)     18 March 2014

R P Ananthakumar
Sr. Officer - Central Excise/Cash 
 54 likes  514 points

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Furniture also come under excise able goods.  Central Excie turn over limit is 1.50 Cr.  When your crossing the limit, you have to registered with central excise and pay duty as mentioned in excise tariff.

avater

R P Ananthakumar (Sr. Officer - Central Excise/Cash)     18 March 2014

R P Ananthakumar
Sr. Officer - Central Excise/Cash 
 54 likes  514 points

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Furniture also come under exciseable goods. Central Excie turnover limit is 1.50 Cr. When you are crossing the limit, you have to registered with central excise and pay duty as mentioned in excise tariff.


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