TaxTMI 
TaxTMI 
Respected Sir,
As regarding above subject, is there any change made in the exemption limit of 1.5 crore for ssi units in the budget-2015-16 dated 28-02-15 or not.
Please reply.
about the exemption of 1.5 crore 4 ssi units
31 Mar 2015 
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SSI exemption remains unchanged; units seeking cenvat credit must opt out and obtain central excise registration.
The budget left the SSI exemption threshold unchanged. A unit wanting to claim cenvat credit must opt out of the SSI exemption and obtain central excise registration; registration can be taken even if the unit's turnover remains below the exemption threshold, after which cenvat can be availed and duty paid on first clearance. The position is governed by the SSI exemption notification. (AI Summary)
The budget left the SSI exemption threshold unchanged. A unit wanting to claim cenvat credit must opt out of the SSI exemption and obtain central excise registration; registration can be taken even if the unit's turnover remains below the exemption threshold, after which cenvat can be availed and duty paid on first clearance. The position is governed by the SSI exemption notification. (AI Summary)