Excise exepmption if cenvat credit not availed

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ACCOUNTAT
39 Points Posted on 30 March 2014

Dear All

                   Currently we are availing cenvat credit. Now the company has decided to stop availing cenvat & avail exemption of 1.50 crore from next year. Our current turnover is greater than 4 crores. What is the procedure for the same? Can any body guide me?

I want to say if we do not avail cenvat credit, what is the rule of charge Excise Duty? After Sales Cross Rs.1.50 Crore or else?

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On 30 March 2014 at 15:17 Report
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superintendent customs
22 Points Posted on 30 March 2014
If the turnover exceeds 4 crores you are not eligible for ssi exemption.pl carryon your present practice as you are not eligible for soight exemption.
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On 30 March 2014 at 15:22

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