TaxTMI 
TaxTMI 
If a new S.S.I. unit is enjoing the benifit of exemption of 1.5 caror T.O. limit. Than when it is necessery to submit "Declaration Form" to C.Excise department .
should it be filied every year.
need of declaration.
08 Sep 2011 
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SSI exemption option requires written declaration to tax authorities when electing normal duty, and option is irrevocable for the year.
SSI exemption under Notification No. 8/2003 is available only if the unit does not avail CENVAT credit; units availing CENVAT must pay normal duty. An assessee who elects to pay normal duty must inform the Assistant Commissioner in writing with specified details and a copy to the Range Superintendent. The option can be exercised any time during the year but, once exercised, cannot be withdrawn for that financial year; a declaration to excise authorities is required when nearing the exemption threshold. (AI Summary)
SSI exemption under Notification No. 8/2003 is available only if the unit does not avail CENVAT credit; units availing CENVAT must pay normal duty. An assessee who elects to pay normal duty must inform the Assistant Commissioner in writing with specified details and a copy to the Range Superintendent. The option can be exercised any time during the year but, once exercised, cannot be withdrawn for that financial year; a declaration to excise authorities is required when nearing the exemption threshold. (AI Summary)