Clubbing provision for ssi exemption under excise
This query is : Resolved
29 January 2012
Mr A & B are Common Directors in a two different Companies.
Both the Companies are Manufacturing same Product which is Excisable.
Presently 1st co in enjoying SSI Exemption Limit.
My question is whether Turnover of 2nd Company is clubbed for calculating Exemption Limit of SSI by way of Common Directorship or Shareholding of common Director who are relative.
Both the Companies are Manufacturing same Product which is Excisable.
Presently 1st co in enjoying SSI Exemption Limit.
My question is whether Turnover of 2nd Company is clubbed for calculating Exemption Limit of SSI by way of Common Directorship or Shareholding of common Director who are relative.
29 January 2012
if A&B are common and have managing stake in both companies then these two companies would be clubbed always.
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