Ssi exemption query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2014
Dear Sir,
We manufacture 2 products
One on which we pay 2% excise duty from start of the financial year.
And on other we don't.
Then does the turnover of the product 1 on which we have already paid excise count in the total 1.5cr exemption for SSI?
Thanks in advance, any reply would be appreciated.
We manufacture 2 products
One on which we pay 2% excise duty from start of the financial year.
And on other we don't.
Then does the turnover of the product 1 on which we have already paid excise count in the total 1.5cr exemption for SSI?
Thanks in advance, any reply would be appreciated.
Arun Kumar Singh
(Expert)
15 July 2014
You can take the ssi exemption and you can pay the duty from the first day and take the cenvat credit.
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