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Exemption limit for excise duty

AAYUSH SARAWGI (PROPREITOR) (36 Points)

29 August 2012

KINDLY LET ME KNOW WHAT IS THE EXEMPTION LIMIT FROM EXCISE DUTY?

WHETHER A RECENT CHANGE HAS BEEN MADE IN IT?

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9 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 29 August 2012

No change

limit is 150L for SSI without cenvat credit

M.G.SANKAR (Student) (55 Points)
Replied 29 August 2012

Can any body give clarification for Excise limit on Capital goods credit taken 100% and if 400 lakhs it includes E.O.U. Sales also

Arun Kumar Singh (GST Advocate) (15188 Points)
Replied 29 August 2012

dear Sankar,

SSI unit can avail 100% cenvat credit on capital goods.

CA Rohit Jain (Job) (30 Points)
Replied 29 August 2012

Mr. MG SANKAR

SSI can avail the ccr. on capital goods but use such ccr. only after crossing the limit of 150 lakhs.

No in counting of limit of 400 lakhs , sales to EOU is excluded.

Parthamesh P Askar (article) (53 Points)
Replied 29 August 2012

Yes SSI unit can take 100% cenvat credit on capital goods.

As per NN 8/2003 400 lakhs does not include EOU sales to promote export.

M.G.SANKAR (Student) (55 Points)
Replied 31 August 2012

Thanks to all

Can anybody link the relevant notificationlink to clarify our boss

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 31 August 2012

Notification No. 8/2003 - Central Excise

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) (herein after referred to as the Central Excise Act) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 8/2002-Central Excise, dated the 1st March, 2002, published in the Gazette of India vide number G.S.R. 129(E), dated the 1st March, 2002, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts clearances, specified in column (2) of the Table below (hereinafter referred to as the said Table) for home consumption of excisable goods of the descripttion specified in the Annexure appended to this notification (hereinafter referred to as the specified goods), from so much of the aggregate of, -

(i)	the duty of excise specified thereon in the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (herein after referred to as the First Schedule); and
(ii)	the special duty of excise specified thereon in the Second Schedule to the said Central Excise Tariff Act, 1985 (herein after referred to as the Second Schedule),

as is in excess of the amount calculated at the rate specified in the corresponding entry in column (3) of the said Table:

Provided that nothing contained in this notification shall apply to a manufacturer who has availed the exemption under notification No. 39/2001-Central Excise, dated the 31st July, 2001, published in the Gazette of India vide number G.S.R. 565 (E), dated the 31st July, 2001, in the same financial year.

https://www.cbec.gov.in/excise/cx-act/notfns-2k3/ce8-2k3.htm

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EOU sales are not covered by the said notification , and cleared under ARE1 or ARE-2, so excluded from whole provisions of said notification which is basic criteria for SSI exemption.

further more

https://dateyvs.com/cenex09.htm