Computation of clearances for ssi
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2013
A Partnership firm is converted into a Pvt Ltd Company. Central Excise Registration of erstwhile firm was surrendered and new registration is taken.
Now, should we consider the clearances made in erstwhile firm for claiming the benefit of SSI notification or we get fresh limit of 150 Lakhs
Now, should we consider the clearances made in erstwhile firm for claiming the benefit of SSI notification or we get fresh limit of 150 Lakhs
Arun Kumar Singh
(Expert)
04 August 2013
If partnership firm is converted into a pvt ltd company then ssi exemption will be not be available from starting.
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