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Ssi exemption
We are selling the Ayurvedic product which is marketed by us but not manufactured by us. The manufacturing is done by other person and we are only packing material supplier to it to pack the product as per our requirement. Now for the purpose of 150 Lacks turnover whether the sales turnover of the above said product is included?
The product which are marketed by us has been purchased from other manufacturer against payment of VAT & Excise Duty and the excise duty is paid by the manufacturer and not by us.
Replies (2)
In htis case you are the raw material supplier getting goods manufactured by a 3rd party manufacturer. He is the manufacturer who is liable to pay the duty without cliam of SSI as it is a branded goods.
As far as you are concerned your value of clearacnes for small scale exemption is NIL as you are only doing trading. You are eligible for the Rs. 150 lakhs exemption for manufacture.
Thanks a lot Sir !!!
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