If manufacturers of stainless steel can avail ssi exemption?
This query is : Resolved
24 August 2015
Greetings,
Kindly clarify me on this :
A Firm, being a manufacturer of Stainless steel & Utensils, Having Turnover of less than 1.5 Crores in Current Year & less than 4 Crores in Previous Year, be eligible to claim the SSI Exemption under Excise Act.
Kindly clarify me on this :
A Firm, being a manufacturer of Stainless steel & Utensils, Having Turnover of less than 1.5 Crores in Current Year & less than 4 Crores in Previous Year, be eligible to claim the SSI Exemption under Excise Act.
25 August 2015
The scheme is presently applicable to stainless steel pattas/patties and Aluminium circles. These articles are not eligible for SSI exemption.
25 August 2015
Dear Sir,
What scheme is presently applicable to stainless steel pattas etc? Are you talking about the Compound levy?
What scheme is presently applicable to stainless steel pattas etc? Are you talking about the Compound levy?
26 August 2015
Yes, the excise duty will be applicable on the machine under compounding levy scheme.
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