SSI investment threshold and exemption rate increased for refrigerating and air conditioning goods, expanding eligibility for relief. The amendment modifies the SSI exemption notification under rule 8(1) of the Central Excise Rules, 1944 for refrigerating and air conditioning appliances and parts by substituting the prior investment ceiling with a higher ceiling and increasing the percentage rate used to compute the exemption, thereby expanding the class of small scale industrial units eligible for relief.
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SSI investment threshold and exemption rate increased for refrigerating and air conditioning goods, expanding eligibility for relief.
The amendment modifies the SSI exemption notification under rule 8(1) of the Central Excise Rules, 1944 for refrigerating and air conditioning appliances and parts by substituting the prior investment ceiling with a higher ceiling and increasing the percentage rate used to compute the exemption, thereby expanding the class of small scale industrial units eligible for relief.
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