29 December 2011
our company has two factory, both are registered in central excise with reg no 001 & 002 , manufacturing different products. my problem is that- for SSI exemption while calculating the limit 0f 400lakhs in PFY the turnover of both the factory will be aggregated or not?
29 December 2011
Thank you sir, Sir, further i want to confirm that the factor that the two units are producing different products is irrelevent for SSI exemption eligibility.
29 December 2011
Goods manufactured by an SSI unit with brand name of others are not eligible for SSI concession, unless goods are manufactured in a rural area. However, SSI exemption will be available to packing material even if it bears brand name of other person.
If two SSI units are genuinely independent, they are eligible for SSI exemption, even if some or even most partners/directors are common. Financial control, flow back of profits and unity of interest are the major tests to determine whether turnover of two units is required to be clubbed.
29 December 2011
Sir here the two factory are under same company. having suffix in there reg no. 001 & 002. so i want to confirm, for calculating the limit of 400 lakhs whether the turnover will be clubbed for both the factory or not. the two factories are producing different products.
CAclubindia
