Ssi
This query is : Resolved
Mahendra Makhija
(Querist)
17 December 2014
Hello all
Please tell me trading of goods (goods which are not manufactured by assesse) is also includible in the SSI Limit i.e. 150 Lakhs
for example,
if an assessee manufactures goods valued 120 Lakhs. In addition he sells the goods manufactured by other manufacturer for 50 Lakhs. In this case, what is his total turnover for the SSI purpose?
Is he liable to get registered under excise Law??
18 December 2014
Trading goods are not considered for calculating the exempted limit for Excise, it is only manufacturing goods.Though there is no excise chargeable for manufactured goods if the turnover is below 150.00 laks, the unit has to apply for registration as soon as turnover touches 120.00laks.This turnover limits include only manufactured goods.
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