Captive consumption

695 views 4 replies

HI

My client is a manufacture manufacuring exempetd good but he also manufacture intermeadte produce which is excisable and captively consumed, i want to know that for SSI Exemption bsaed on turnover i sopposed to considerd which turnover ? whether i considered turnover of final product which is exempt or i considered turnover that it captivly consumed intermideate product ?

Turnover of Final Product which is Exempt ?

or

Turnover of intermediate product which is uesd for capitively consumed ?

for SSI Exemption based on Turnover Limit 150 Lakhs 

Replies (4)
TURNOVER OF CAPTIVE CONSUMPTION SHOULD BE CONSIDER FOR SSI BENEFIT AS FINAL PRODUCT IS EXMEPT
Excise on INTERMEDIATE product is exempt.
Since the final product is exempted. ..intermediate product used in the manufacture of such final product is taxable...so the turnover of intermediate product should be considered for turnover calculation...
How do u arive at the value of goods


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