Ssi exemption
This query is : Open
05 November 2013
I am a 100% subsidiary of American company, am I eligible for SSI Exemption of 150 Lakhs. My turnover for previous year is 70 lakhs.
05 November 2013
Within my knowledge,being a subsidary of a foriegn company is not a barrier to claim SSI exemption since your previous yr turnover is within specified exemption limit.Please wait for others opinion
05 November 2013
But when I approached the excise officer to give a declaration as my turnover crossed 90 lakhs, he said it is not eligible for SSI Exemption and Duty is to be paid from the first rupee of clearance.
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