SSI Exemption

WEll KArthiik,

I too had a similar doubt..but my logic is that the rules which r applicable while computing rs.150 lakhs clearnces (ie exclusions & inclusions if any, )should also be applicable for computing 920 lakhsturnover.But then exclusions for computing 150 & 400 lakhs limit differs...so, this logic is not 100% right.

Wait for others view as well.

If u get the answer pls reply to me as well.

Regards,

Lucky

Computing 90 lakhs or 150 lakhs turnover of SSI  is excluding duty exmpted goods turover

SSI units whose turnover is less than Rs. 4 Crores are eligible for the concessions. If SSI unit does not avail Cenvat on inputs, turnover upto Rs. 150 Lakhs is fully exempt. If SSI unit avails Cenvat on inputs, it has to pay normal duty on all clearances and no SSI exemption is available. You should intimate to the department if your turnover is exceed except exempted item Rs. 90 Lacks.

Central Excise Exemption for Small Scale Sector (SSI unit)

dear sir...............for ssi the aggregate vale of clearance of all excisable goods should not exceed the limit of 400 lacs in preceeding year..............in 400 lacs exempted goods and nil rated goods r included but non excisable goods are not included...........in the calculation of 150 lacs we included exempted goods and as well as nil rated goods so for 90 lacs we included nil rated and exempted goods.

Duty exempted goods will not be included.

90 lakhs is only for filling of return if crosses