Conditions to be classified as a SSI
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 July 2011
What are conditions to be classified as a SSI for excise applicability.?
04 July 2011
Unit whose turnover was less that Rs. 4 crores in previous year are entitled to full exemption upto Rs. 150 lakhs in current financial year. SSI unit can avail Cenvat credit on inputs and input services only after it starts paying duty. However, Cenvat credit of capital goods can be availed even if these were received during period of exemption.
FOR MORE INFO:-
https://www.dateyvs.com/cenex09.htm
https://www.caclubindia.com/experts/ssi-exemption-limit-for-excise-650490.asp
FOR MORE INFO:-
https://www.dateyvs.com/cenex09.htm
https://www.caclubindia.com/experts/ssi-exemption-limit-for-excise-650490.asp
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