Ssi
This query is : Resolved
Guest
Guest
(Querist)
27 February 2015
Mr.A sells all the goods to Exporters. His buyers give him the required copy of B-8 (or CT-1) for removal of goods without levying duty. Now only 1 order came for home consumption worth 2 cr. Will he be entitled to SSI exemption out of this 2 cr?
Rajeev Kumar Garg
(Expert)
02 March 2015
YES, HE WILL BE ENTITLED TO GET EXEMPTION UPTO RS. 1.5 CRORE ONLY AND DUTY WILL BE CHARGED ON BALANCE AMOUNT OF RS. 50 LACS. EXPORT SALE WILL NOT BE CLUBBED IN CALCULATION OF SSI EXEMPTION.
THANKS
R.K. GARG
(ADVOCATE)
THANKS
R.K. GARG
(ADVOCATE)
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