Ssi unit exemption
This query is : Resolved
06 October 2015
Plz tell me SSI unit exemption for the purpose of Excise registration
06 October 2015
As per Notification No. 8/2003-CE dated 13.2003 as amended excisable goods manufactured by Small Scale Industries are exempt up tp a value of clearance of 150 lakhs in a financial year. If value of clearance exceeds this limit in the same financial year then you have to pay duty on the value of clearances exceeding this limit. SSI exemption is available to a manufacturer during next financial year provided that value of clearance during previous financial year did not exceed Rs, 400 lakhs. Otherwise you have to pay duty on the first clearance effected from 1 April of the next financial year.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- Merchant Export Accounting
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
