SSI EXEMPTION
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2010
MY CLIENT HAS AN SSI UNIT. THE ITEM THEY WERE MANUFACTURING WAS EXEMPTED WIDE NOTIFICATION. THERE TURN OVER AS ON 26TH FEB 2010 WAS 2.4 CR. IN THE CURRENT BUDGET THEIR ITEM'S EXEMPTION HAS BEEN OMITTED. DO THEY IMMEDIATELY NEED TO APPLY FOR EXCISE REG CODE OR THEY NEED TO APPLY ONLY WHEN IF THEIR TURNOVER FROM 27TH FEB 2010 TO 31ST MARCH 2010 EXCEEDS 150 LKS.
CA Prashant Gupta
(Expert)
13 March 2010
Yes, they should apply immediately.
This limit is calculated from 1Apr to 31 mar
This limit is calculated from 1Apr to 31 mar
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