Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Ministry Clarifies SSI Units to File Quarterly Returns, Not Monthly, Under Central Excise Rules.</h1> The circular from the Ministry of Finance, dated March 23, 1987, addresses the confusion regarding the submission of returns by Small Scale Industry (SSI) units concerning Central Excise procedures. It clarifies that SSI units, which are licensed but exempt from excise duty and whose clearances remain within the full exemption limit, should submit quarterly returns using a specified proforma, as per the instructions from May 3, 1985. This guidance overrides the May 1, 1986, instructions that required monthly RT 12 returns, ensuring SSI units retain their previously available benefits.