TaxTMI 
TaxTMI 
Availment of SSI exemption for exempted goods
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....vailment of SSI exemption for exempted goods<br> Query (Issue) Started By: - DIPAK K Dated:- 2-12-2014 Last Reply Date:- 3-12-2014 Central Excise<br>Got 2 Replies<br>Central Excise<br>GOOD MORNING DEAR EXPERTS. extracts from notification no. 08/2003-CE. "Provided further that exemption contained in this notification shall not apply to goods which are chargeable to nil rate of duty or are exem....
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....pt from the whole of the duty of excise leviable thereon."In the light of above proviso, will ssi benefit will be available to goods which are chargeable to 2% duty videnotf. no. 01/2011-ce as these are exempted goods as per CCR 2004.If SSI is available then wont it will amount to double benefit of SSI exemption and only 2% duty. PPlease reply. Thanks and regards. Reply By Rajagopalan Rangan....
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....athan: The Reply: Dear Mr. Dipak. K, Goods which are chargeable to 2% duty vide Notf. no. 01/2011-CE are exempted goods for the purpose of availing credit of duty paid on inputs, capital goods and input services. Moreover, SSI exemption is granted by Notification No. 8/2003-CE and concessional rate of duty of 2% is available under notification No. 1/2001-CE. Under Notification No. 8/200....
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....3-CE excisable goods are chargeable at Nil rate of duty up to clearance of 150 lakhs. Under Notification No. 1/2011-CE 2% concessional rate is applicable from the first clearance of the excisable goods. Therefore assessee has an option to avail the most beneficial Notification. Therefore excisable goods which are chargeable to 2% duty under Notification No. 1/2001-CE are eligible to avail ....
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....exemption under Notification No. 8/2003-CE. Reply By DIPAK K: The Reply: THANK YOU VERY MUCH SIR FOR YOUR QUICK RESPONSE. THANKS AND REGARDS.<br> Discussion Forum - Knowledge Sharing ....