Small / Medium , Large

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Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2010 Dear all

Can anyone assist me how to classify the small, medium and Large Enterprenuers.This one is based on Turnover of the company?

CS Richa Sharma

CS Richa Sharma (Expert)

25 May 2010 As per the Micro, Small and Medium Enterprises Development Act, 2006, industries are classified as follows:
A). In the case of the Enterprises engaged in the manufacture or production goods
• Micro Enterprise – where the investment in plant and machinery does not exceed Rs. 25 lakhs.
• Small Enterprise – where the investment in plant and machinery is more than Rs.25 lakhs but does not exceed Rs. 500 lakhs.
• Medium Enterprise – where the investment in plant and machinery is more than Rs.500 lakhs but does not exceed Rs. 1000 lakhs.

B). In the case of the Enterprises engaged in providing or rendering of services
• Micro Enterprise – where the investment in equipment does not exceed Rs. 10 lakhs.
• Small Enterprise – where the investment in equipment is more than Rs.10 lakhs but does not exceed Rs. 200 lakhs.
• Medium Enterprise – where the investment in equipment is more than Rs.200 lakhs but does not exceed Rs. 500 lakhs.
In calculating the investment in plant & machinery, the cost of pollution control, research and development, industrial safety devices and such other items as may be specified, by notification shall be excluded.

C). Large Industries
An industrial unit which is not classified as Micro, Small and Medium Scale are classified as Large Scale Industry.

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