Excise Query

excise exemptino is 1.5 cr.

vat/cst is charged on "basic value+ excise" so at the time of calculating excise duty , vat /cst is not to be taken.

stock transfer from exciseable unit is little bit complicated, it need to be cleared on excise invoice and if its raw materials then not clubbed in clearance, but if finish goods then clubbed. 

the limit of 150 Lacs is Assessable value i.e. excluding VAT,CST and Excise Duty