Ssi registration
This query is : Resolved
10 December 2013
Dear All,
Facts of the case
A manufacturing unit is eligible as an SSI unit according to Notification 8/2003 i.e its eligible turnover in the preceding year does not exceede Rs. 4 crore
Question
1) Do i need to formally get registered as an SSI Unit under the central excise act in order to be eligible to gain Rs. 1.50cr exemption or i am automatically an SSI without intimating any details to the department as such.
1) Do i need to intimate any information to Department even if the Turnover does not exceede Rs. 90 Lakhs that indictes that i am an SSI Unit.
Facts of the case
A manufacturing unit is eligible as an SSI unit according to Notification 8/2003 i.e its eligible turnover in the preceding year does not exceede Rs. 4 crore
Question
1) Do i need to formally get registered as an SSI Unit under the central excise act in order to be eligible to gain Rs. 1.50cr exemption or i am automatically an SSI without intimating any details to the department as such.
1) Do i need to intimate any information to Department even if the Turnover does not exceede Rs. 90 Lakhs that indictes that i am an SSI Unit.
10 December 2013
Ans 1. Yes.
Ans 2. Yes
Ans 2. Yes
10 December 2013
As per the provision of excise act and notification no 8/ 2003 u have to get reg as SSI unit for availing the benefit.
you need to initimate the dept when turnover exceeds rs 90 lakh.
you need to initimate the dept when turnover exceeds rs 90 lakh.
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