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SSI Exemption
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....SI Exemption<br> Query (Issue) Started By: - Ashok Chopra Dated:- 16-2-2013 Last Reply Date:- 24-2-2013 Central Excise<br>Got 3 Replies<br>Central Excise<br>Respected Forum, I am excisable unit registered as a Medium Scale Unit paying excise duty on my product. I have set up New Unit at different STATE with new SSI registration certificate with same name and style and for the same product. Our ....
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....balance sheet is ONE Please guide me:- 1. Can i eligible for SSI exemption from registration for New Unit? 2. Can any body provide me any court order or notification, which clearly describe that whether i am elgible or not elgible for the SSI exemption from registration for my new unit. Reply By Pradeep Khatri: The Reply: If SSI unit is not a separate legal entity then exemption may not be a....
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....vailable. I will check the settled legal position and revert. Reply By LALIT MUNOYAT: The Reply: When you say that the Balance sheet is one it means there is one owner only. The limit of SSI applies ownerwise in that the total turnover of one manufacturer from all the factories should not exceed ₹ 150 lakhs. SSI registration with DIC is of no importance because in SSI is onsidered on the q....
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....uantum of Turnover and not based on the investment in plant & machinery. You are not eligible for SSI exemption if the turnover off all the Units under one manufacurer exceeds ₹ 150 lakhs. For a detailed commentary you may read my article on the following link Reply By Pradeep Khatri: The Reply: The answer given by Mr. Lalit is appropriate and per the settled legal position.<br> Discussion....
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