Excise limit for ssi unit

hi I want to know what is the excise limit for SSI unit .. Till last year we have not crossed above 1.5 cr. But this year we are sure to cross this figure . after 1.5 cr do I have to give excise bill to my customer for sale of goods or any exemption I can get.
Replies (1)

The exemption limit for units whose turnover had not exceeded 400 lacs during the previous financial year is 150 lacs, After crossing 150 lacs local turnover excluding exports you have to get regitgered and clear goods under excise tax invoice and follow all the procedures of maintaining records and subnmitting returns, You can also avail cenvat credit on inputs and services used in the manufacture of excisable goods and follow cenvat credit rules.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details