ssi exemption

[amandeep singh]

Whether trading and manufacturing can be done at the same through claiming exemption of 1.5 crore or 4 crore as per notification no. 08/2003 of central excise

AI Summary

Clarification on SSI exemption: Trading goods' value excluded from calculation, but separate records required for compliance. A query was raised regarding the applicability of the SSI exemption under Central Excise Notification No. 08/2003 for businesses involved in both trading and manufacturing. It was clarified that separate records must be maintained for trading goods, and the value of traded goods does not need to be included in the calculation for SSI exemption. However, managing both activities within the same premises is considered challenging and may invite complications, as noted by the participants in the discussion.