Regarding SSI & SIA

[yujin kim]

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.

AI Summary

Excise exemption basis: turnover determines SSI central excise exemption; plant and machinery value is irrelevant.
Exemption from central excise for SSI is determined by the value of turnover; the value of plant and machinery is irrelevant to entitlement to excise exemption.