Can we retake the benefit of ssi exemption of 1,5 crores.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2015
As we have taken Central excise Registration by not opting the benefit of SSI exemption upto 1.5 crores.We started excise payment from 1st invoice onward from 1/04/2015. Now we did not wish to continue with Central excise Registration and would like to retake/reopt the SSI exemption notification upto 1.5 crores fromJuly1st onwards.It is possible to discontinuation of Notification in between?. Or we have to wait till 31st March 2016.
03 July 2015
Now you have to wait till 31st march 2016. The SSI exemption will not be discontinue in the mid of the year.
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