Ssi exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 December 2011 Can a assessee claim SSi exemption for his another unit? When his first unit is paying excise duty. can the new unit get exemption for the first 1 cr turnover.

U S Sharma

U S Sharma (Expert)
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15 December 2011 (v)

where a manufacturer clears the specified goods from one or more factories, the exemption in his case shall apply to the aggregate value of clearances mentioned against each of the serial numbers in the said Table and not separately for each factory;

http://www.cbec.gov.in/excise/cx-act/notfns-2k3/ce8-2k3.htm