SSI Exemption Limit for Excise
This query is : Resolved
22 April 2011
What is the Exemption limit for Excise??? What is the meaning of declaration limit???
RAMESH KUMAR VERMA
(Expert)
23 April 2011
Unit whose turnover was less that Rs 4 crores in previous year are entitled to full exemption upto Rs 150 lakhs in current financial year. SSI unit can avail Cenvat credit on inputs and input services only after it starts paying duty. However, Cenvat credit of capital goods can be availed even if these were received during period of exemption.
FOR MORE INFO:-
https://www.dateyvs.com/cenex09.htm
FOR MORE INFO:-
https://www.dateyvs.com/cenex09.htm
RAMESH KUMAR VERMA
(Expert)
23 April 2011
another link is :-
https://www.taxmanagementindia.com/wnew/detail_rss_feed.asp?id=1722
https://www.taxmanagementindia.com/wnew/detail_rss_feed.asp?id=1722
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