Revise declaration

[Piyush Jain]

As per notification no. 36/2001 CE(NT) dt 26.6.01 amended by 40/2008 CE (NT) dt 29.9.08, revise declaration to be filed by 31.10.08. Our sales for the Acct. Year 07-08 as per Balance Sheet is Rs.62.24 lacs, though we have already filled our regular declaration 1st week of April 08. Do we have to file revise declaration as per new format

[Surender Gupta]

Yes, you need to file revised declaration as per revised fromat to calim SSI exemption.

[Guest]

yes, as per new notification, you are required to submit the new declaration form for claiming the SSI exemption upto 31st Oct. 2008

AI Summary

Revised Declaration Required Under Amended Central Excise Notification for SSI Exemption by October 31, 2008 A query was raised regarding the requirement to file a revised declaration under the amended Central Excise notification no. 36/2001 CE(NT), updated by 40/2008 CE(NT). The individual inquired whether a revised declaration was necessary, given their sales for the accounting year 2007-08 amounted to Rs. 62.24 lakhs, despite having already submitted a regular declaration in April 2008. Two responses confirmed that a revised declaration must be filed in the new format by October 31, 2008, to claim the Small Scale Industry (SSI) exemption.