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Registration required or not?
Is Registration under central excise act required if the turnover is below 6 crore in case of jewellary manufacturing business?
Replies (3)
An artisan or goldsmith who only manufactures jewellery on job-work basis is not required to register with the Central Excise, pay duty and file returns, as all these obligations will be on the principal manufacturers [Rule 12AA of the Central Excise Rules, 2002].
There is a substantially high Small Scale Industries excise duty exemption limit of Rs. 6 crore in a year [as against normal SSI exemption limit of Rs. 1.5 crore] along with a higher eligibility limit of Rs. 12 crore [as against normal SSI eligibility limit of Rs. 4 crore].
If the turnover of principal maunfacturer below 6 crore,is registration mandatory or when the turnover reaches to 6crore?
below 6 crore nt reqd
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