SSI Exemption for new units those were brought under the Union Budget

17 Apr 2011

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sankunni krishnan

SSI exemption threshold question after budget inclusion; treatment of March clearances and merchant-exporter exports clarified.
Whether units newly included in the excise tax net from 1 March 2011 retain SSI treatment for March clearances and whether home-consumption clearances in that month may be exempt up to the SSI threshold; and whether exports routed through merchant exporters against H forms must be included when computing the SSI turnover limit for determining entitlement to SSI exemption. (AI Summary)

Union Budget 2011.12 has brought several units under tax net: for eg.Readymade garments,utensils,CDs,DVDs,Readymix concretes manufactors,from 1.3.11.

Budget has not said any thing about the exempted value of clearences for the month of March,2011.So can these units clear goods worth Rs.1.5Cr for home consumption?

These units were exporting their goods through merchant exporters,against H forms.Is such exports are to be included or excluded to ascertain SSI limt ,both for 1.5 Cr and 4Cr?

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