Ssi notification
This query is : Resolved
29 December 2011
our company has two factory, both are registered in central excise with reg no 001 & 002 , manufacturing different products. my problem is that- for SSI exemption while calculating the limit 0f 400lakhs in PFY the turnover of both the factory will be aggregated or not?
Please reply.
Please reply.
29 December 2011
ssi notifcation no 8/2003 specifies total clubbed for all factories of one manufacturer. so aggregate of all factories is applicable
29 December 2011
Thank you sir,
Sir, further i want to confirm that the factor that the two units are producing different products is irrelevent for SSI exemption eligibility.
Sir, further i want to confirm that the factor that the two units are producing different products is irrelevent for SSI exemption eligibility.
29 December 2011
Goods manufactured by an SSI unit with brand name of others are not eligible for SSI concession, unless goods are manufactured in a rural area. However, SSI exemption will be available to packing material even if it bears brand name of other person.
If two SSI units are genuinely independent, they are eligible for SSI exemption, even if some or even most partners/directors are common. Financial control, flow back of profits and unity of interest are the major tests to determine whether turnover of two units is required to be clubbed.
If two SSI units are genuinely independent, they are eligible for SSI exemption, even if some or even most partners/directors are common. Financial control, flow back of profits and unity of interest are the major tests to determine whether turnover of two units is required to be clubbed.
Message likes :
1 times
29 December 2011
Sir here the two factory are under same company. having suffix in there reg no. 001 & 002. so i want to confirm, for calculating the limit of 400 lakhs whether the turnover will be clubbed for both the factory or not. the two factories are producing different products.
29 December 2011
Turnover of all units belonging to a manufacturer will be clubbed for calculating SSI exemption limit.
for more information link is:
https://dateyvs.com/cenex09.htm
for more information link is:
https://dateyvs.com/cenex09.htm
29 December 2011
two units producing different products is irrelevent for calculating SSI limit
All type of excisable sale clubbed for calculating SSI Limit including scrap sale.
All type of excisable sale clubbed for calculating SSI Limit including scrap sale.
29 December 2011
Thanks to you all for valuable answers.
Thank you
Thank you
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
- CLOSING STOCK QUERY
- DUE DATE FOR ITR FILING
- GST ISD Query on various AMCs
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Short Term Gain Reporting ITR
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Rent claimed on building given on permissive possession basis
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
