Imformation of limit of excise

It is not clear the volume of your company. If it is SSI  unit  then no need to pay excise duty  upto the assessable value reach 150 lacs. But as soon as  your assessable value touch Rs. 90-100 lacs , then you require  excise registration ( on-Line),After making registration in excise you have to submit  nil duty ER-1 (Monthly Return). Simultaneously you need to raise excise invoice also.

 You jurisdictional Range Superintendent will visit the factory, to verify the factory premises and manufacturing unit.

Notification No.8/2003-CE read with notification No.36/2001-CE(NT), DT. 26.6.2001 allows you no excise upto Rs.150 lakhs and also no registration. But you have to file a declaration after reachin clearances of value of Rs. 90 lakhs.

RAKSHIT

advrcverma @ gmail.com