Ssi exemption
This query is : Resolved
31 July 2011
SIR,
I WANT TO ASK
1) WHETHER EXPORT TO NEPAL AND BHUTAN WILL BE TREATED AS CLEARANCE FOR HOME CONSUMPTION FOR SSI EXEMPTION EVEN IF AMT IS RECEIVED IN CONVERTIBLE FOREIGN EXCHANGE?
2)UNDER SSI IT IS OBSERVED UNDER "SUPEREX INDUSTRIES THAT "The benefit of notification No.8/2003 would be lost only if the manufacturer affixes the specified goods with d brand name of another person WHO IS NOT ELIGIBLE FOR EXEMPTION UNDER THIS NOTIFICATION ..
SO whether it means that if Mr.X (ssi) produces goods under brand name of Mr. Y (another SSI) then value of such goods produced by Mr. X will not be charged to excise duty separately and WILL BE INCLUDED IN ssi exemption?
I WANT TO ASK
1) WHETHER EXPORT TO NEPAL AND BHUTAN WILL BE TREATED AS CLEARANCE FOR HOME CONSUMPTION FOR SSI EXEMPTION EVEN IF AMT IS RECEIVED IN CONVERTIBLE FOREIGN EXCHANGE?
2)UNDER SSI IT IS OBSERVED UNDER "SUPEREX INDUSTRIES THAT "The benefit of notification No.8/2003 would be lost only if the manufacturer affixes the specified goods with d brand name of another person WHO IS NOT ELIGIBLE FOR EXEMPTION UNDER THIS NOTIFICATION ..
SO whether it means that if Mr.X (ssi) produces goods under brand name of Mr. Y (another SSI) then value of such goods produced by Mr. X will not be charged to excise duty separately and WILL BE INCLUDED IN ssi exemption?
05 August 2011
1) ARE-1 procedure + convertible exchange used for payment, may qualify the export to nepal and bhutan excluded from home consumption.
2) for branded goods the assesee can not use the notification 8/2003 as amended.
branded goods here means the fixation of duty liability, if Y is paying duty ( ssi or not does not matter) then duty should be paid by X,
all goods where duty is not charged are to be clubbed to 150 L limit of SSI unit.
2) for branded goods the assesee can not use the notification 8/2003 as amended.
branded goods here means the fixation of duty liability, if Y is paying duty ( ssi or not does not matter) then duty should be paid by X,
all goods where duty is not charged are to be clubbed to 150 L limit of SSI unit.
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- Multiple trade mark
- Copyright software
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
