Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

matter of ssi.

Save Share

This query is : Resolved

Guest

Guest (Querist)

27 October 2010 good morning to all of u .
plz tell me in case of ssi limit is 4 crores & 1.50 crores. what is the means of this lines

regards
raj

CS ,CMA Shambhu Kr. jha

CS ,CMA Shambhu Kr. jha (Expert)

27 October 2010 Generally speaking, the Small Scale Units, who manufacture the goods specified in the relevant exemption notifications and fulfil the conditions specified in such exemption notifications, are exempt from payment of duty till their aggregate clearances do not exceed Rs.1 Crore in a financial year. The Small-Scale units whose clearances in the previous financial year exceeded the limit of Rs.3 Crores, which will also include the value of exempted goods (excluding exports), are not entitled to such exemption. Generally speaking, the Small Scale units who are availing the CENVAT credit are required to pay duty at concessional rate of 60% of the prescribed rate till their clearances reach Rs.1 Crore. For further details, please consult the nearest Central Excise Range Office.

thanks

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now