Declaration for SSI Exemption

Hi,

The requirement is that once the turnover (excluding Sales tax & Export ) reaches 90 lakh, a declaration is required to be filed in Annexture 4 and must not forget to obtain a  dated acknowledgment otherwise it can "cost" you.

Regards

rajeev verma  

Dear Mr Acharya, Notification no. 36/2001 prescribe a limit (expemtion limit - 10 lacs)for Home Clearence (domestic sale, not export sales), on crossing of which it is mandatory to obtain a declarant code no from Central Excise Division and file annual declaration. This notification was latest amended by notification no. CE-14/2005 (NT), and the prescribed limit is Exemption Limit - sixty lacs Rs. That means Rs 150.00 lacs - 60.00 lacs = Rs 90.00 lacs. So if a SSI unit sales for domestic market crossed Rs 90.00 lacs in a year, it is mandatory for them to file declaration.

 I have crossed sa;les of 90 lacs. But as I avail exemption under 03/2005 for certain products,my excisable goods sale stands at 60 lacs.

Do I have to file the declaration now?

I have a bouquet of products. I avail exemption for certain products. not all

No. You need to file declaration when value of excisable goods reaches 90L.

we have two units, in one unit we have filed declaration u/s 8/02003 for SSI exemption and in second unit we have not given the declaraion and we have availed cenvat credit. Is it possible now to get exemption for the second unit in mid of the year, we have not crossed 70lacs

No. Once the cenvat/duty payment route is choosen, it cant be changed in the middle of the year.