Ssi exemption limit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2013 Pls clarify,

For calculating the value of clearance of Rs. 150 Lakhs,
What is the meaning of Value of Clearance?
Is it Gross amount of Turnover, MRP, Excisable Value ...

And for calculating the same CENVAT amount on the same has to be included or not?

Thanks in Advance.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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25 July 2013 150 lacs is excluding your trading turnover it is only the turnover on which Excise is leviable

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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25 July 2013 take 150 lacs which are liable for excise and exclude which are exempted or non excisable.

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