ANOTHER FACTORY STATRTING IN SAME NAME

[ANBALAGAN ANBU]

Dear Experts, We have running one manufacturing unit.We have plan to start another factory in other places in same name with same partenrs. First factory production is Valves New factory production is castings.We have procure castings for our valves factorywhat is procudures

AI Summary

SSI exemption eligibility limited by aggregate turnover across related factories; obtain separate excise registration and comply.
Separate excise registration and distinct accounts are required for the new factory; SSI exemption eligibility is determined by aggregating turnover/clearances of all related factories so combined turnover exceeding statutory limits disqualifies units from SSI benefits, and valuation rules apply to inter-unit transfers while prescribed state and labour registrations and licences must be obtained and disclosed to the department.