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Issue ID: 111453
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change of turnover limit of central excise

Date 02 Feb 2017
Replies7 Replies
Views 1724 Views
Asked by
SSI exemption limit remains unchanged; eligibility depends on prior-year turnover threshold, otherwise duty payable from fiscal year start.
The SSI exemption limit for central excise remains subject to the prior year turnover condition: an SSI is exempt for a financial year only if its turnover in the previous financial year does not exceed the prescribed upper threshold; if the prior year turnover exceeds that threshold the SSI must pay duty from the start of the next financial year. (AI Summary)

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

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