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Issue ID: 107362
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eexemption

Date 19 Sep 2014
Replies3 Replies
Views 2189 Views
SSI exemption: non-excisable turnover excluded; registration and excisable turnover determine eligibility for exemption on newly manufactured goods.
Turnover of goods not excisable at all must be excluded when computing SSI exemption thresholds; eligibility to claim the exemption for newly manufactured excisable items depends on excisable turnover alone and on being registered as an SSI unit. (AI Summary)
One of the shop, doing business of ₹ 10 crore in a financial year of sweet. Simultaneously, they manufactured pastry and cake of ₹ 50 lakhs. Is they require to pay duty on pastry and cakes? Even the Sale of pastry and cakes is below 1.5 Crore. Please guide us with the parameters of 1.5 crore and also 4 crore
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