Turnover limit for trading excisable goods

5320 views 5 replies

Srinivasan

MANAGER - ACCOUNTS

24 Points Joined August 2009

Sir,

We are a manufacturing unit registered under excise. Simultaneously we are trading the excisable commodities which is different from our manufacturing product. I would like to get clarified on following points :-

1. Shall we can do the trading of excisable product at our excise manufacturing unit.

2. Shall we raise the same excise invoice format with ECC No., range, div, comm etc., but without charging excise duty, with separate serial no.

3. Is there any Turnover limit on the Trading activites of products different from manufacturing excise unit.

Pls clarify.

Replies (5)

Rakshit

practising

338 Points Joined November 2011

For trading other than the self manufactured goods, simple intimation is sufficient.Separate invoice book should be maintained for such purpose.This book does not require as required in excise invoice. There is no applicability of central excise law, hence no limit of turnover.

r c verma

09810525780

Arun Kumar Singh

GST Advocate

15220 Points Joined January 2009

1. You can do the trading activity in same premises but you should maintain separate account.

2. You should continue separate series of invoice for trading activity. If you want to pass on excise duty to your buyer in that case you need to register with excise department as a dealer.

3. There is no turnover limit for trading purpose.