Easy Office
LCI Learning

Ssi

This query is : Resolved 

17 December 2014 Hello all Please tell me trading of goods (goods which are not manufactured by assesse) is also includible in the SSI Limit i.e. 150 Lakhs for example, if an assessee manufactures goods valued 120 Lakhs. In addition he sells the goods manufactured by other manufacturer for 50 Lakhs. In this case, what is his total turnover for the SSI purpose? Is he liable to get registered under excise Law??

18 December 2014 Trading goods are not considered for calculating the exempted limit for Excise, it is only manufacturing goods.Though there is no excise chargeable for manufactured goods if the turnover is below 150.00 laks, the unit has to apply for registration as soon as turnover touches 120.00laks.This turnover limits include only manufactured goods.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries