Computation of ssi limit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2014 1)If two partners have formed three Partnership firm in different name and PAN. in such case for computing SSI limit of 1.5 cr. all the three firms turnover will be clubbed or considered separately.

They are also having three different factory premises in different states.

2)Can the Excise registration be surrendered in case where Turnover had fallen below 1.5 Cr. in current year or is there any time period condition related to that?

For eg.
In year 2010-11 T/O 1.8 Cr
In year 2011-12 T/O 1.7 Cr
In year 2012-13 T/O 1.6 Cr
In year 2013-14 T/O 1.2 Cr