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?
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?
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,
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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