MANAGING DIRECTOR
28 Points
Joined February 2011
We have a modular furniture manufacturing unit at IMT Manesar (Gurgaon), registered with District Industries Center, Gurgaon as an SSI Unit under the MSME Act. We do not have Excise Registration as our Turnover in 2014-15 was less than even Rupees one crore.
Recently we have installed new machines and we expect our turnover to increase.
From the above discussion, I understand we don't need excise registration until our turnover crosses Rs 4 crore*.
At another place, it is said that once we reach turnover of Rs. 150 lakhs, we have to register**
Kindly clarify what is the right limit of turnover above which Excise Registration is mandatory?
*Post by Sunil Kumar G
**post by R P Ananthakumar