Applicability of excise
This query is : Resolved
19 June 2013
M/s Shree Ram Crop Science is manufacturing crop insecticides.
Last year sales 1.3 crores
In current financial year, the firm has undertaken sub contracting in which Shree Ram Crop Science will handle all manufacturing process including purchase of raw material. Only Final product with another person company name will be delivered to party.
Shree Ram Crop Science is also manufacturing the same products under its own brand name.
Expected Sub contacting sales 1 crore
Expected Co. own sales 1.5 crores
Total 2.5 crores
Please suggest whether company can avail benefit of 8/2003 notification for SSI units in respect of own sales and subcontracting
Last year sales 1.3 crores
In current financial year, the firm has undertaken sub contracting in which Shree Ram Crop Science will handle all manufacturing process including purchase of raw material. Only Final product with another person company name will be delivered to party.
Shree Ram Crop Science is also manufacturing the same products under its own brand name.
Expected Sub contacting sales 1 crore
Expected Co. own sales 1.5 crores
Total 2.5 crores
Please suggest whether company can avail benefit of 8/2003 notification for SSI units in respect of own sales and subcontracting
19 June 2013
SSI exemption is not available for other person brand name. for own brand name SSI exemption limit is available upto the 1.5cr.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Tax rate change regarding
- GST ISSUE OF INPUT AND OUTPUT GST
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
