My unit is a normal taxpayer unit. Can I avail SSI exemption for part of a financial year, if my turnover in the preceding F.Y. is less than the 1cr?
Say, can I avail SSI exemption from the 1st of May, if I took cenvat credit & paid duty on clearances made upto 30th of April?
My unit is already registered with excise, it's clearly mentioned that it's a 'normal taxpayer unit'. Please reply only if you know the answer to my question, alongwith reference.
Additional Details: In similar scenario, a manufacturer applied for SSI exemption in mid-April of year 2011 through ACES. System acknowledged & so far no officer has raised objection. They paid duty on normal clearances till that date & reversed (paid) Cenvat credit on raw materials, semi finished & finished goods lying in their stock.
They file ER3 return regularly through ACES, if there was a problem, wouldn't the officers serve them show cause notice?
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