Does registration is required under Excise Act, if annual turnover of a garment production unit is Rs. 5 crores and 90% of its sales are export sales.
Pls solve my query?
Menu
Registration required or not?
Replies (3)
Export turnover not to be considered for purposes of exemption from registration;-
Exporters are required to register, even if their clearances for home consumption are less than Rs 150 lakhs
it means Mfg. not having export & annual turnover not more than 150 L. are not required to registration for central excise.
gross turnover exceeded 400 lacs, so SSI exemption is gone away , now its mandetory to obtain registration and follow the procedures for home and export clearences,
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
