SSI exemption
This query is : Resolved
03 July 2009
If an SSI unit fails to intimate Excise Department after crossing Rs. 90 lacs sale and the total sale in the year is below excisable limit,is there any penalty imposed?
If an SSI unit fails to intimate Excise Department after crossing Rs. 90 lacs sale and the total sale in the year is below excisable limit,is there any penalty imposed?
04 July 2009
no specific penalty is there .....but one section is specifying that if any penalty is specified RS.5000 will be levied
Message likes :
1 times
04 July 2009
There is no any specfic penalty but he will be liable for penalty for Rs 5000 under any other default
Message likes :
1 times
04 July 2009
NO specific penalty
NO specific penalty
Message likes :
1 times
04 July 2009
Thanks all experts for reply. What should be my line of action this year. Do I inform now or wait till I reach Rs. 90 lacs sales. What is the format of declaration?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
