SSI exemption eligibility depends on prior-year turnover and specified exclusions to clearance value. Small-scale manufacturing units may claim an exemption based on value of clearance or choose duty with Cenvat credit; eligibility for the exemption depends on prior-year turnover. Value of clearance is determined by valuation under sections 4A or 4 or tariff value under section 3, subject to special provisions. Computation of turnover for the current-year exemption and the preceding-year turnover test excludes specified categories: exports except to specified neighbouring countries, deemed exports to specified zones or under specified notifications, clearances bearing another's brand name, specified intermediate goods used within the factory, certain internal plastic strip clearances, trading goods (current-year), and specified job-work removals (preceding-year).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
SSI exemption eligibility depends on prior-year turnover and specified exclusions to clearance value.
Small-scale manufacturing units may claim an exemption based on value of clearance or choose duty with Cenvat credit; eligibility for the exemption depends on prior-year turnover. Value of clearance is determined by valuation under sections 4A or 4 or tariff value under section 3, subject to special provisions. Computation of turnover for the current-year exemption and the preceding-year turnover test excludes specified categories: exports except to specified neighbouring countries, deemed exports to specified zones or under specified notifications, clearances bearing another's brand name, specified intermediate goods used within the factory, certain internal plastic strip clearances, trading goods (current-year), and specified job-work removals (preceding-year).
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