Appellate Tribunal rules SSI unit eligible for deemed credit under Notification No. 1/93-C.E.

The Appellate Tribunal CEGAT, MADRAS dismissed the reference application seeking deemed credit benefit for an SSI unit under Notification No. 1/93-C.E. The Tribunal ruled that the benefit applies even if the unit exceeds Rs. 75 lakhs in clearances, as long as overall eligibility criteria are met. The decision acknowledged the special circumstances of SSI units.

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The Appellate Tribunal CEGAT, MADRAS dismissed the reference application regarding extending deemed credit benefit to an SSI unit availing exemption under Notification No. 1/93-C.E. The Tribunal held that the benefit would be available even after crossing the value of clearances of Rs. 75 lakhs, as long as total clearances fall within overall eligibility parameters. The benefit was granted considering the unique conditions under which SSI units operate. The reference application was dismissed.

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