middle scale industry may avail exemption
This query is : Resolved
14 May 2011
A S.S.I UNIT WHO IS REGISTERED IN CENTRAL EXCISE HAVING INVESTMENT IN MACHINERY RS.6.00 CRORE CAN BE ENTITLED TO GET EXEMPTION OF 150LAKH IN CENTRAL EXCISE IN HIS FIRST YEAR .
PLEASE HELP ME .
PLEASE HELP ME .
14 May 2011
http://www.icai.org/resource_file/18935sm_finalnew_idtl_excise_cp13.pdf
read this,
value of plant and machnery can not bar assesee to avail ssi benefit
read this,
value of plant and machnery can not bar assesee to avail ssi benefit
15 May 2011
The criteria for considering an unit as SSI purpose is the turnover and not the investment in plant and machinery. Hence the SSI benefit can be availed for clearence upto
150 lakhs. But the issue is you will not be in a position to avail the cenvat credit on the capital goods initially
150 lakhs. But the issue is you will not be in a position to avail the cenvat credit on the capital goods initially
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