Levied of Excise

This query is : Resolved

sanjay (Querist)
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12 March 2011 If I am maufacturer of namkeens,Rusk/suzi tost my sale of Namkeen is 1.20 crore & sale of Rusk/Suzitoast is Rs. 20 Lacs and net turnover of the co. is Rs. 2.6 crore.

please let me know in this budget excise is levied and exempted limit of 150 Lacs. applicable.

Thanks

CMA Nishad Patkar

CMA Nishad Patkar (Expert)
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13 March 2011 Dear Sanjay,

Our Finance Minister in his speech on budget has not proposed any amendments in the exemption limit for SSI sector. This means the the existing exemption limit is applicable.

Regards,

Nishad