Excise on readymade garments
Avishake Garg
(Querist) 31 March 2011
This query is : Open
I am a manufacturer of readymade kidswear.
As per the exise duty imposed on garments exemption is given to the people have turnover below 1.5 crore. My turnover was around 60 lakhs in 2009-2010. In the current financial year 2010-2011 the turnover is around the same figure. As I fall under the exemption limit of excise duty, do I have to register with the excise department? Do I have to fulfil any of the excise formalities? What is the excemption limit to take excise registration?
Please Suggest...