what is the limit for the applicability of excise? is there any different limit for ssi units and others?
i am confused between the figures of 1.5 crores and 4 crores, which one is correct?
Kindly reply
vishnu (Audit Assisstant) (109 Points)
03 February 2013what is the limit for the applicability of excise? is there any different limit for ssi units and others?
i am confused between the figures of 1.5 crores and 4 crores, which one is correct?
Kindly reply
Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 03 February 2013
SSI exemption is available for all assessee upto Rs. 1.5 cr turnover. After exemption limit assessee will pay the duty as per central excise tariff act. SSI units whose turnover is less than Rs. 4 cr are eligible for the concessions.
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