Declaration for SSI Exemption

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Ca. Kirti Kumar Acharya

Self Employed (CA)

40 Points Posted on 18 May 2009

Hi all,

My question relates to one of procedural aspect. If a unit has turnover of less than Rs. 150 Lacs for the financial year, 2005-07, then it could claim exemption of SSI as per notification 8/2001.

To avail full exemption from duty, whether there is any need to file declaration as required in Notification 36/2001. A plain reading of it says that if exemption is based on value then declaration need not be filed. I dont know if there has been any change in rules thereafter.

So please help as to whether it is statutory requirement to file declaration for claiming SSI exemption upto Rs. 150 lacs of turnover.

Replies (7)

Rajeev Verma

Advocate & Consultant

32 Points Posted on 13 June 2009

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

Vaibhav Agrawal

53 Points Posted on 14 June 2009

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.

stapler

bus

231 Points Posted on 04 September 2009

Aston Albuquerque

Proprietor

43 Points Posted on 09 October 2009

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

Rajesh Kumar

Advocate- Tax

6957 Points Posted on 10 October 2009

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

Rahul Kale

Accounts Officer

23 Points Posted on 29 October 2009

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