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change of turnover limit of central excise

MEHUL ASHAR

Respected Sir,

As regarding above subject, my query is that is there any change of turnover limit of SSI exemption as till 31-1-17 it was 1.5 crore then from 01-04-17 it will be 1.5 cr. or else.Please reply.

THANKING U

No change in SSI exemption limit under Central Excise; remains 1.5 crore with conditions. A query was raised about whether there would be a change in the turnover limit for the Small Scale Industries (SSI) exemption under Central Excise, which was 1.5 crore until January 31, 2017. Multiple respondents confirmed that there is no change in the SSI exemption limit, which remains at 1.5 crore per financial year, provided the previous year's turnover does not exceed 4 crores. If it does exceed, duty must be paid from April 1. The discussion also noted a recurring interest in this topic by the inquirer. (AI Summary)
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