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of <h1>New SSI Concessions: Exemptions and Benefits Under Notification 08/2003; Key Criteria and Options Explained</h1> The government provides concessions to Small Scale Industries (SSI) under notification no. 08/2003, effective from March 1, 2003. SSI units with a turnover below Rs. 4 crores in the previous year are eligible for exemptions up to Rs. 150 lakhs. They can choose between full exemption or paying normal duty with Cenvat credit. Units must inform authorities if opting out of exemptions. Additional concessions include procedural relaxations, registration exemptions, and specific exemptions for goods manufactured without power or by cooperatives in rural areas. Clearances are clubbed for SSI exemption purposes to prevent misuse.
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