exemption of 1.5crore in s.s.i. unit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 May 2011
we have started a s.s.i. unit of granite industry but we have invested in machinery above than 5.00 crore. now can we entitled to get the exemption of 1.50 crore turnover with out excise duty. asper the investment of machinery we are now going to medium scale industry instead of s.s.i unit.
please give your seggessions
please give your seggessions
U S Sharma
(Expert)
14 May 2011
after 3 cr investment in plant and machinery, the dealer lose his ssi status.
U S Sharma
(Expert)
14 May 2011
https://www.icai.org/resource_file/18935sm_finalnew_idtl_excise_cp13.pdf
read this, value of machines does not bar assesee to avail ssi benefit
read this, value of machines does not bar assesee to avail ssi benefit
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