srisudha.k (Consultant) 06 May 2013

Central excise registration

THIS IS TO INFORM THAT MY CLIENT IS DOING TRADING OF GOODS AS WELL AS MANUFACTURING OF GOODS.

NOW WHILE GOING FOR EXCISE REGISTRATION :

FOR THE PURPOSE OF CALCULATION OF TURNOVER FOR CENTRAL EXCISE REGISTRATION WHAT IS THE THRESHOLD LIMIT AND WHETHER ALONG WITH TURNOVER OF MANUFACTURING WHETHER TURNOVER PERTAINNG TO TRADING OF GOODS HAS TO BE INCLUDED OR EXCLUDED?

K.VENKATA RAO

9493425611

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Adv. Amit Bhattad (Advocate) 08 May 2013

In the notification no. 08/2003 dated 01/03/2003 says about exempt clearance for home consumption of excisable goods. (SSI exemption) In the Notification serial no.1 says first clearance up to aggregate value not exceeding one hundred and fifty lack rupees (1.50 CR)(Notification 08/2007) made on or after the 1st day of April in the financial year(1st April 2007) the rate of duty NIL This exemption contained in this notification shall apply after the condition fulfilled in the notification. Please see the notification. In the notification clear about which value consider to obtain this exemption i.e inclusion or exclusion.

Rahul (Advocate) 11 May 2013

what about trading? is'nt trading activity now covered under service tax laws..if that be so. then no need to include trading activity in the aggregate value of clearance.