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Issue ID : 4204
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Regarding SSI & SIA

Date 31 May 2012
Replies1 Answers
Views 2332 Views
Asked By

Dear sir

 

Our investment(plant & machinery) is less than 10crore. Is it possible to take the SSI certificate?

We have SIA  already. ( we got the license in 2007)

Could you please compare benefits between SSI & SIA?

If SSI is more beneficial for us, we want to cancel SIA and apply for SSI .

We are manufacturer and have a plan to sell to local india.

First i want to know what excise exemption is.

Will be appreciated ur kind and detail reply.

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Replied on Sep 4, 2012
1.

The exemption in Central excise for SSI is based on value of turnover, therefore the value of plant and machinery is irrelevant for excise exemption for SSI.

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