Excise limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2013
what is the limit of Non SSi unit , our company is manufacture of health care product
as early as give a reply
what is the limit of Non SSi unit , our company is manufacture of health care product
as early as give a reply
18 October 2013
Hi
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.
Thanks//VaibhavJ
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.
Thanks//VaibhavJ
18 October 2013
Refer: https://www.dateyvs.com/tax/central-excise/excise-and-small-scale-industries/
For more details.
Thanks//VaibhavJ
For more details.
Thanks//VaibhavJ
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