TaxTMI 
TaxTMI 
TaxTMI 
Dear sir,
In Central excise
What is benifit in small scale industries . Which unit is small scale industries how understand?
Please guide.
Regards
Manoj
small scale industries
Guest
Small Scale Industries Exempt from Excise Duty for Clearances Up to Rs. 1.5 Crore Under Notification No. 8/2003-CE. In a discussion on small scale industries and Central Excise, an inquiry was made about the benefits and criteria for small scale industries. A response clarified that under Notification No. 8/2003-CE, small scale industries are exempt from excise duty for clearances up to Rs. 1.5 crore in a financial year. Additionally, these units can file quarterly returns. To qualify for this exemption in the following financial year, a unit must have had a turnover of no more than Rs. 4 crore in the previous year. (AI Summary)