Option under Notification No. 8/2003 CE
This query is : Resolved
25 March 2008
An SSI unit wants not to avail full exemption upto Rs 150 lakhs under Notification no. 8/2003 and instead pay normal rate of duty with Cenvat credit benefit.
Is it required to excercise its option or is this provision now redundant? Pls advise.Thanks.
Is it required to excercise its option or is this provision now redundant? Pls advise.Thanks.
17 April 2009
Mr Vikky
SSI option is for those whose annual turnover is less than 150crores & the material in hwich they are dealing in not excisable or nil rate of duty or exempeted.
Then they will opt for SSI . But it is totally recommendatory for any unit. You can be choose to pay normal rate of duty & avail the cenvat credit.
SSI option is for those whose annual turnover is less than 150crores & the material in hwich they are dealing in not excisable or nil rate of duty or exempeted.
Then they will opt for SSI . But it is totally recommendatory for any unit. You can be choose to pay normal rate of duty & avail the cenvat credit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
