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#1
May 21st, 2013, 04:24 PM
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 Central Excise Exemption SSI India
I want to know about Central Excise Exemption SSI India so can you provide me that
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#2
May 23rd, 2013, 11:55 AM
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| Re: Central Excise Exemption SSI India Rate of duty in respect of Clearances of Excisable Goods: Value of Clearance (Rs.) Rate of duty Remarks Upto 100 Lakhs Nil Not to avail Cenvat 100-300 Lakhs Normal rate of duty Can avail Cenvat It may be noted that beyond clearances of Rs.100 lakhs, the manufacturer is liable to pay normal rate of duty and accordingly he can avail CENVAT credit at this stage. Similarly, CENVAT credit on capital goods can be availed and utilised after crossing the limit of Rs.100 lakhs. The scheme has been extended to articles of plastic, cosmetic and toilet preparations, tread rubber, airconditioning and refrigeration and parts, which were earlier covered under a separate exemption. All such clearances of the specified goods which are used for captive consumption in production of the specified goods are subjected to 'nill' rate of duty and the Table itself. The notification grants exemption in respect of basic excise duty and special excise duty. The manufacturer may opt for not availing exemption contained in the notification and instead pay the normal rate of duty on the clearances. But once the option is exercised, it shall continue till the remaining part of the financial year.    Foe more detailed information I am uploading a word file to free to download
__________________ https://t.me/pump_upp Last edited by shabnams; February 24th, 2014 at 02:41 PM. |
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